PSB Subsonic 6 extremely low output, variable speed rapid noise when increasing volume knob

So a few years back I had to change my PSB sub transformer as I moved from the US to Ireland.
I replaced the transformer with a toroidal one and all was working perfectly for a few years.
A few days ago I have very little output next to zero... When I put the volume up, a rapid noise occurs, and increases rate the higher the volume. The power light also dims.
I have a sound file I'll try to link.
I noticed the transformer is bulging a bit on two sides, all the caps look good.
I'm getting 17.1v from each lead but I didn't check amps yet.
Could this be caused by the transformer?
Not sure if the board uses jfets or what type but I'm not familiar with this symptom really.

Listen to Sub sound.m4a by Joseph O'Brien on #SoundCloud
https://soundcloud.app.goo.gl/J9D3i