Phantom Reckoning emerged when a team of Shadow Nexus operatives uncovered classified Steel Eagle files detailing war crimes. Operating in complete secrecy, they became the faction's most effective black ops unit, specializing in extracting damning evidence from high-security facilities. Their very existence serves as proof of Steel Eagle's corruption.

Phantom Reckoning operates as a decentralized cell network with no fixed base of operations. Their members communicate through encrypted, self-destructing holographic messages. Each operative carries neural disruptors that can erase short-term memories from captured enemies. The unit leaves no physical evidence, only a distinctive thermal signature pattern at operation sites.

Phantom Reckoning serves as the Shadow Nexus's evidence-gathering division, specializing in high-risk intelligence extraction. They provide the faction with the proof needed to turn public opinion against Steel Eagle.