I think if the magnet fell off, we would see high DC signal, and not 0 as we do now. I suspect satellite box or PD readout board/cabling. I am looking into this, tester box is connected to ITMY sat. box for now. I will restore the suspension later in the evening.
Suspension has now been restored. With combination of multimeter, octopus cable and tester box, the problem is consistent with being in the readout board in 1X5/1X6 or the cable routing the signals there from the sat. box.
We may lost the UL magnet or LED