The editorial team, founded in 2022 by two Pulitzer Prize winners, Bastian Obermayer and Frederik Obermaier, works for the news magazine Der Spiegel, ZDF, the Austrian daily newspaper Der Standard and the Swiss Tamedia group.
In 2023, the Paper Trail Media journalists Frederik Obermaier and Bastian Obermayer, together with the Der Spiegel journalist Christoph Giesen, initiated the Xinjiang Police Files research into the mass internment of Uyghurs in Xinjiang.
[7] Paper Trail Media coordinated the Vulkan files leak revelations together with Spiegel in 2023 .
[8] More than 50 journalists - including from The Washington Post, The Guardian and Le Monde - analyzed top secret data from the Russian company NTC Vulkan, which produces software for hacking attacks and disinformation campaigns for Russian secret services.
[9] In collaboration with the International Consortium of Investigative Journalists, Paper Trail Media examined over 3 million documents from Cyprus as part of the Cyprus Confidential investigation about shell companies through which, among other things, covert payments were made to the journalist Hubert Seipel [de], and the oligarch Alexei Mordashov tried to circumvent sanctions from the European Union Union against Russia.