It's a RF choke, you wrap the wires from the front panel through it a couple of times. It reduces interference pickup. Any noise that the LED cables picks up could light up the LED's, so the choke stops it.
So all the talk about never putting speakers near pcs is a complete load of rubbish then :/
Looks like I may do a mod I've been wanting to do of mounting some semi decent speakers in my case
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