FM, did you regularly run it up to 9500 RPM previously, or was that unusual territory for your bike.
The short story: I had returned the bike to use after an extended period of inactivity. I had stopped using it because it was running erratically. I let it sit not out in the open, in dry storage for years, and then decided to swap another engine into it instead of fixing the original engine that was in it when I purchased it from a Yamaha dealer a year-old w/1700 mi. on it. In six years I had put about 20K miles on it, not a lot, because I owned other bikes simultaneously. I did the swap because 2nd gear was bad, and it was cheaper to buy this engine and swap it in rather than tear-down the original.
I bought a used engine from a private owner off the internet. It was swapped-in by a friend who works at a local FL shop, in his spare-time. It got up & running without too-much difficulty. I ran it about 1500 mi. and had no issues w/it. I had been acquiring parts to swap-on, Stage 7 intake, full exhaust, ignition parts, suspension parts, etc. I went to the dyno to get a baseline so I would know how-much my efforts were going to do for me, prior to any modifications.
My riding habits were spirited, but not 'beat on it.' I didn't drag race it, I didn't do drag-race starts, I didn't speed-shift, but I did use VBoost pretty-much every time I had ridden it. I did keep an eye on the tach, such-as you could, w/its stupid location. Was I in the habit of running it 'tight' until the power fell-off, after 9500, and then shifting? No. Did I run it to 9000 rpm+ occasionally? Yes, with the original engine and with the replacement engine, but not until I had put a few heat/cool cycles into the swapped engine, checking for oil/coolant leaks, excessive oil consumption, overheating, etc. I found no problems, and was pleased w/my swap. That's when I went to the dyno. The shop who did the runs is a well-known local shop, w/a good reputation for its performance builds. They have been around awhile.
Three runs later, my bike was smoking a bit as the run concluded. It seemed to be possibly from the oil breather rather than from the exhaust. The bike came-off the dyno, I collected my pulls' paperwork, and I left the shop. In about a mile and a half, as I got onto the expressway, the bike began knocking. Loudly. At that point, I changed course, and returned home where I arrived in about <10 minutes. A subsequent tear-down showed #3 connecting rod big-end had about 2mm of up & down play, and it was blued from heat. The adjoining rod didn't have the play, but I assumed it was probably damaged too from the fragments. I rebuilt my original engine, (I had it done by a shop who has built many VMaxes in all forms, including nitrous, supercharged, and turbocharged) and that's what I am running now. The dyno shop and the shop which rebuilt the original engine are not the same.