Amber Group suspected to be market maker for YB protocol

Crypto market maker Amber Group is suspected to be the market maker for Yield Basis (YB), a decentralized BTC yield protocol launched by Curve Finance (CRV) founder Michael Egorov, according to EmberCN. An address associated with Amber Group was observed receiving 8.25 million YB from the YB project team three hours ago before depositing the tokens to multiple centralized exchanges.