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Increased my margin interest rate by 20x in one night?

Binance

Cryptocoins Exchanges / Binance 143 Views

So I woke up to a pair of emails this morning, stating this:

We'll adjust the daily interest rate for VIP 0 borrowing OMG to 1.500000% from 0.800000%, starting from 2021/11/11 07:00 (UTC+0).

We'll adjust the daily interest rate for VIP 0 borrowing OMG to 15.000000% from 10.000000%, starting from 2021/11/11 11:00 (UTC+0).

First off, seemed weird since I never got a notice about the 10%, so I looked into it and they changed it to 10% at the time they said they would change it to 1,5%.
Second, I know they probably have some "we can change interest rates at any time" mumbo jumbo in their ToS, and doubling it without any prior notice is bad enough, but almost literally 20x?
Is this intentional? I mean there's a bug somewhere since the first notice I got was 1,5%, but was that supposed to say 10% or what?

submitted by /u/DaikonEfficient8483
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