Hello friend, what version was installed previously? I'm assuming you were happy with the rate in that previous version?
The LED blink rate was slowed under CR xos0059128, which is included in your patch version.
It's also in EXOS 16.1.1, EXOS 15.7.1+, and EXOS 15.6.2+.
Another note in the CR says that it's done for stacking... not sure if it was added to standalone switches. Is yours a stack or standalone?