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ETH treasury firm ETHZilla rebrands as Forum Markets to focus on tokenization

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Transak announces integration with Ethereum Layer 2 MegaETH

Former Ethereum treasury firm EthZilla has officially rebranded as Forum Markets as it moves ahead with its pivot towards a full-fledged tokenized real-world assets-focused firm.

Summary

  • Rebranded as Forum Markets, the company will trade under the ticker FRMM from March 2.
  • Under the Forum Markets brand, the company is repositioning itself as a tokenised real-world asset platform.
  • Peter Thiel’s Founders Fund exited its position in the company earlier this month as the stock remained deeply below its August 2025 peak.

According to the official announcement, the company has updated its corporate name and brand to Forum Markets as it moves away from its earlier positioning as an Ethereum treasury company. As part of the rebranding, it has also changed its Nasdaq ticker symbol to FRMM and is expected to begin trading under the new symbol on March 2, subject to Nasdaq approval.

Forum framed the move as the “next development in the company’s planned strategic evolution” and said it plans on “connecting traditional capital markets with blockchain-based financial infrastructure.”

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“Forum embodies our belief that the next generation of financial markets will be built around institutional-grade, on-chain products backed by real assets, governed by transparency, and delivered through regulated infrastructure,” the company’s chairman and CEO, McAndrew Rudisill, said in an accompanying statement.

The company said its platform is designed to aggregate, structure, and tokenize cash generating real world assets that were previously inaccessible to a broader base of investors. Forum will leverage its subsidiaries and strategic partners to create a repeatable pipeline to originate and distribute tokenized investment products across multiple asset classes.

Forum has already begun phasing out its balance sheet crypto strategy and announced earlier this month that it had acquired two commercial jet engines leased to a “leading US air carrier,” which will underpin its first aviation-backed offering, the Eurus Aero Token I.

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ETHZilla shares climbed more than 13% after the company announced the rebrand and ticker change. However, on a year-to-date basis, the company’s shares were down over 20% as crypto treasury stocks have struggled to gain traction over the past months.

ETHZilla, formerly a biotech company known as 180 Life Sciences, transitioned into an Ethereum treasury firm last year while crypto treasury stocks were trending. Subsequently, it acquired as much as 102,246 ETH at the height of the strategy, but as the initial enthusiasm faded and share prices retreated, the company later announced its intent to pivot toward the tokenized real-world asset market.

Earlier this month, Peter Thiel’s Founders Fund, an early backer of the company, exited its position. ETHZilla has also moved to sell portions of its assets to scale back its crypto exposure and initiate share buybacks in an effort to stabilise its equity performance.

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Crypto World

Google Threat Intelligence Sounds Alarm on Latest Crypto Malware Threat

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Malware, Cybercrime, Cybersecurity, Hacks

Google Threat Intelligence has identified a new form of crypto-stealing malware called “Ghostblade” that affects Apple iOS devices and is part of the “DarkSword” suite of browser-based malware tools designed to steal private keys and other sensitive information.

Ghostblade is written in JavaScript and designed for rapid data theft. The crypto-stealing malware activates, grabs sensitive data from the compromised device, and relays it to malicious servers, according to Google Threat Intelligence.

The Ghostblade malware does not run 24/7 on the compromised device, does not require extra plug-ins to function, and stops functioning after extracting data, making it more difficult to detect, the threat researchers said.

Malware, Cybercrime, Cybersecurity, Hacks
A timeline of the evolving malware threats targeting Apple iOS devices and the cybersecurity patches released to address the threats. Source: Google Threat Intelligence

The malware also includes code that deletes crash reports from the compromised device, preventing Apple from receiving them and flagging the malicious software.

Ghostblade can access and relay messaging data from the iMessage texting application for Apple devices, Telegram and WhatsApp.

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The malicious software can also steal SIM card information, identity, multimedia and geolocation data, and access system settings, according to the Google cybersecurity report.

Malware, Cybercrime, Cybersecurity, Hacks
A list of sensitive data that can be stolen by Ghostblade malware. Source: Google Threat Intelligence

DarkSword and its components are one of the latest cybersecurity threats identified by Google Threat researchers, shedding light on the evolving methods used by malicious actors to steal crypto and other valuable data from unsuspecting users.

Related: Google uncovers iOS exploit kit used in crypto phishing attacks

Hacks fall in February as malicious actors pivot to exploiting human error

Losses from crypto hacks fell to $49 million in February, a sharp decrease from $385 million in January, according to blockchain intelligence platform Nominis.

This drop reflects a pivot from code-based cyber threats to crypto phishing attempts, wallet poisoning attacks and other threat vectors that take advantage of human error, Nominis said in its report.

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Malware, Cybercrime, Cybersecurity, Hacks
Private users bore the brunt of hacking, phishing, and other crypto-theft attempts in February. Source: Nominis

Phishing attempts typically use fake websites designed to look legitimate. These fake websites often use URLs that are nearly identical to the legitimate sites they masquerade as, tricking users into visiting them.

These sites embed malware that can steal crypto private keys and other valuable data when a user accesses the site or clicks any of its elements. 

Magazine: WazirX hackers prepped 8 days before attack, swindlers fake fiat for USDT: Asia Express