SUBJECT PROFILE
DragonForce has evolved from a pro-Palestine hacktivist group into a self-styled ransomware 'cartel' offering a white-label infrastructure model where affiliates operate independent brands using DragonForce encryption, negotiation portals, and leak sites. Ranked 6th by victim volume (426 DLS postings) with 56 victims in March 2026 alone, the group absorbed displaced RansomHub affiliates in April 2025 and formalized a partnership with Scattered Spider. The alliance struck Marks & Spencer (April 2025), Co-op, and Harrods in a coordinated UK retail wave causing over £500M in M&S market cap loss. Law enforcement pressure on Scattered Spider is intensifying: alleged leader Tyler Buchanan pleaded guilty in early April 2026, and member 'Bouquet' (Peter Stokes, 19) was arrested at Helsinki Airport on April 10, 2026 and federally charged on April 28.
Financial extortion — ransomware deployment, data theft, and multi-million dollar ransom demands against high-profile enterprises
OPERATIONAL HISTORY
Vishing/helpdesk impersonation (Scattered Spider), SIM swapping, MFA push bombing, Evilginx AiTM phishing, NTDS.dit exfiltration, Conti V3 ChaCha8 encryptor, LockBit 3.0 RSA-1024/Salsa20 encryptor, BYOVD EDR killing, Cobalt Strike C2, SystemBC SOCKS5 proxy, Mimikatz credential dumping, LOTL (PowerShell/WMI), MEGA/WebDAV exfiltration, white-label affiliate branding
KNOWN INFRASTRUCTURE
Two distinct encryption variants (Conti V3 fork + LockBit 3.0 derivative); SystemBC backdoor; Cobalt Strike; Tor-based DLS and negotiation portals; white-label RaaS builder (RansomBay); Devman and Mamona/Global sub-brands using DragonForce builder