kube-ingress-aws-controller: Extreme slowdown since upgrading to v0.9.7 (5 minutes)

When I run on 0.9.6 I get all debug messages with --debug flag.

But starting from v0.9.7 it stops, and I only see:

public-ingress-controller-58d54554c7-rknd6 controller time="2020-02-13T09:07:06Z" level=info msg="starting /kube-ingress-aws-controller"

I don’t see anything weird in https://github.com/zalando-incubator/kube-ingress-aws-controller/compare/v0.9.6...v0.9.7