Guild Wars 2

Dropped from FotM dungeon. This item is account bound and souldbound on use. This does not make sense. Also item don’t have upgrade slot.

Is this a bug?

No upgrade might be a real issue. For the other, it means that you aren’t stuck with it on the character that looted it, so you can give it to an alt via bank transfer, but once the alt uses it it binds to that alt.