Facebook Ad broken for new apps

Not able to use Facebook Ad for new expo apps using SDK 34. Getting error for Facebook Ad SDK version - The SDK version in the ad request is no longer supported for new apps. Please upgrade to one of the latest versions of the SDK

Here’s the complete error:

{
  "_dispatchInstances": FiberNode {
    "tag": 5,
    "key": null,
    "type": "ViewManagerAdapter_CTKBannerView",
  },
  "_dispatchListeners": [Function onError],
  "_targetInst": FiberNode {
    "tag": 5,
    "key": null,
    "type": "ViewManagerAdapter_CTKBannerView",
  },
  "bubbles": undefined,
  "cancelable": undefined,
  "currentTarget": 107,
  "defaultPrevented": undefined,
  "dispatchConfig": Object {
    "registrationName": "onAdError",
  },
  "eventPhase": undefined,
  "isDefaultPrevented": [Function K],
  "isPropagationStopped": [Function K],
  "isTrusted": undefined,
  "nativeEvent": Object {
    "message": "Error Domain=com.facebook.ads.sdk Code=1012 \"\" UserInfo={NSLocalizedDescription=, FBAdErrorDetailKey={
    msg = \"The SDK version in the ad request is no longer supported for new apps. Please upgrade to one of the latest versions of the SDK\";
}}",
    "target": 107,
    "userInfo": Object {
      "FBAdErrorDetailKey": Object {
        "msg": "The SDK version in the ad request is no longer supported for new apps. Please upgrade to one of the latest versions of the SDK",
      },
      "NSLocalizedDescription": "",
    },
  },
  "target": 107,
  "timeStamp": 1564543729246,
  "type": undefined,
}

I believe same is reported on GitHub issue as well.

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