150V vs. 300V rating should be an absolute nonissue for devices running on 12VDC (i.e. if they ever see appreciable more than 12V then your device is already dead long before the connector could cook). The voltage rating is to do with the insulation properties of the wire, and has effectively nothing to do with the current capacity*.
The assembly process changes found, extremely limited sample size of failures, lack of commonality of failures, and inability to replicate the failures, all point to an atrociously bad batch of parts that have gotten out into the environment. A huge QC fail for someone, but not the sort of fundamental design flaw that many have been crowing about. With the indication that the overheating failure was documented prior to release, there's a good chance this was a bad batch that was found during QC, the cause diagnosed and fix rolled out, but somehow some faulty runs did not make their way straight to the scrap bin but instead were packaged for final shipment. Could be anything from and unscrupulous manufacturer somewhere along the chain (not Nvidia, possibly not even a card OEM, e.g. could be a subcontractor hired to distribute the adapters) to an ambiguously labelled parts bin in the wrong place at the wrong time.
*Caveat only in that conceivably in a specialised ultra-high-temperature application where wiring is expected to operate at several hundred °C as standard, the additional heating from a high current load could push an insulator from marginal to failure at the same voltage. This is not in any way the case for a GPU in a consumer case, nobody is gaming on the surface of Venus.