The decentralized Polter Finance platform announced the suspension of operations after a hack that led to the loss of $12 million. The attack was related to a vulnerability in the pricing system of a new smart contract for the BOO token. The funds were tracked to Binance wallets, and Polter Finance has already contacted the hacker with a proposal to resolve the situation.

Singapore police have been involved in the investigation, and the platform is cooperating with SEAL-ISAC to recover the stolen assets. The community has expressed concern and demands transparency from Polter Finance regarding this incident.