User blog comment:Mich, Michele & Kuhla/Future Units Preview/@comment-27418176-20151220163935/@comment-26053138-20151222171855

It is a possibility. Colt got frozen and either lost his memory and picked the Farzen identity up or didn't lose his memories but just changed his mind about the gods and changed his identity to Farzen so people wouldn't see a loyalist as a traitor. Also, two different identities is used in almost every single super hero comic or show ever.