Norman Osborn discovered Yelena Belova breaking into an abandoned S.H.I.E.L.D. facility, and offered her the position of field leader of the new Thunderbolts.
On her first mission, she and Ant-Man take control of Air Force One with the Goblin, Doc Samson, and the new President aboard. It was suggested she faked her apparent death (as the Adaptoid) but it is never explained how. A conversation with the Ghost implies that Yelena is working as a mole for someone else and that she may even be someone else disguised as Yelena. She is later seen talking privately through a comm-link to Nick Fury.
Osborn orders Yelena to lead the current Thunderbolts to kill former Thunderbolt, Songbird. Fury orders "Yelena" to rescue and retrieve Songbird, for the information she might possess about Osborn and his operations. Yelena finds Songbird, and reveals to her that she was really Natasha Romanova in disguise. She tries delivering Songbird to Fury, but the Thunderbolts have also followed them.
The trio are captured as Osborn reveals he had been impersonating Fury in messages all along to set Natasha up in order to strengthen the Thunderbolts and lead him to Fury. She and Songbird are brought to be executed but manage to escape when Ant-Man, Headsmen and Paladin turn on the rest of the Thunderbolts and let them go.
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