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My Kobo looks a bit like that, but that's because I opened it and was too lazy to replace the glue. It still works fine, but of course it's not waterproof that way. Yours looks like someone else had their hands on it first...
That said, I would not risk it to water even in pristine condition. All that's between the water and a dead device is a little bit of glue.
But that's not what I bought the device for so I don't have a problem with it.
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