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ZKsync Governance Approves ETH-To-ZK Token Conversion Plan Following April Exploit

Summary by Metaverse Post
Ethereum Layer 2 protocol ZKsync saw community proposal GAP-3 pass with majority support, authorizing the platform’s Security Council to convert recovered ETH into ZK tokens. The ETH in question stems from an April 2025 exploit involving unclaimed airdrop tokens and is currently under the Security Council’s custody following a resolution agreement with the attacker. The proposal permits the restoration of the original ZK token supply via this co…
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Metaverse Post broke the news in on Thursday, May 22, 2025.
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