I'd vote for internal flaw and/or pin-knot. Sort of the same thing happened on my son's first bow. It was not backed however.
On his, the pin-knot showed up when he was cutting/shaping the handle and arrow-shelf. At that point we figured, "what could go wrong". Well after about 20 arrows through, CRAAACK.
Oh well, only thing lost was about an $8 board and about 8 hours work.
Bill