How to turn off Virus Ti Snow?

[WaterDemon]

When I press the "POWER ON/OFF" button combination, my Virus Snow does not power off at all, but simply goes into some "sleep" mode, and there are two problems with it:
1. When in sleep mode, there's an INSANELY bright LED flashes every few seconds. And there's no menu option to dim it down, as there is for all the other LEDs. It's really annoying.
2. The power supply is constantly hot even when Virus is in sleep mode, and it really concerns me from the safety point of view. I don't think that Virus uses any kind of special PSU specifically designed for 24/7/365 use, it looks like an ordinary cheap PSU to me, so couldn't it be a potential fire hazard or something when working constantly over a long period of time?

Is there a way to make the "POWER ON/OFF" combination work according to how it's labeled, and really power off the unit?