ZKsync Community Approves GAP-3 Proposal for ETH to ZK Token Conversion Amid Security Concerns

COINOTAG reported on May 22nd that the ZKsync community has successfully passed proposal GAP-3, granting the ZKsync Security Council **authority** to convert **recovered ETH** into ZK tokens. This decision comes amid concerns about **arbitrage** opportunities and potential **market manipulation**, leading the Council to choose a strategy that keeps the details of the conversion method and **timing** undisclosed until executed. This approach aims to safeguard market integrity. Notably, the ZKsync platform experienced a **security breach** in April 2025, where unclaimed **airdropped tokens** were compromised. Fortunately, the hacker managed to return $5 million in stolen funds, highlighting the ongoing challenges within the crypto sector regarding asset security and user trust. The passing of GAP-3 illustrates the community’s proactive measures to strengthen the ZKsync ecosystem and bolster its operational **transparency**.