On Tuesday, September 11, 2026, Swiss blockchain investigation firm Recoveris filed a complaint in the US District Court for the District of Delaware against Cybera Global Inc., a Delaware corporation, alleging breach of contract. Recoveris claims Cybera Global Inc. owes $354,500 from a $480,000 contract for services related to tracing and recovering stolen cryptocurrency.
The lawsuit stems from a subcontractor agreement entered into in May 2025, where Recoveris was hired by Cybera to provide digital asset investigation services. Cybera, which had a contract with Coinbase Inc. to offer “aftercare” services to victims of fraud and theft on the cryptocurrency exchange, retained Recoveris to perform these services under a white-label arrangement.
According to the complaint, the agreement involved several phases, beginning with a pilot program in the UK and US from May to August 2025, for which Cybera paid Recoveris $50,000. This was followed by an extension of the pilot program in the US from August to September 2025, with Cybera paying Recoveris $55,000.
The core of the dispute lies in a subsequent year-long engagement that began in October 2025. Under this agreement, Cybera committed to contracting Recoveris for 960 Initial Tracing Reports (ITRs) at a total cost of $480,000, or $500 per ITR. Recoveris alleges that it invested significantly in expanding its capacity to meet Cybera’s requirements, including hiring additional investigators and purchasing specialized software licenses.
However, Recoveris claims that Cybera drastically reduced the number of cases referred to them after the expanded engagement began, despite Cybera’s own projections indicating a higher volume of cases than contracted. Cybera subsequently stopped making timely payments, with the last payments of $40,000 per month occurring in December 2025 and January 2026.
The complaint details a series of disputes over payment terms, with Cybera attempting to renegotiate the contract and arguing for payment based on the number of cases actually handled, rather than the agreed-upon minimum commitment. Recoveris maintains that Cybera’s interpretation of the contract is a pretext to avoid payment, especially in light of Cybera’s own financial difficulties.
Recoveris questioned Cybera’s financial health and capacity to fulfill the contract, citing Cybera’s CEO’s comments about a “distressed liquidity situation.” Cybera, in turn, blamed Recoveris for not sending “compliant invoices” and attempted to initiate partial payments based on its own calculations.
The lawsuit also highlights Cybera’s introduction of “pretextual security concerns” in April 2026, demanding security certifications and information on short notice. Recoveris responded that such a request was not feasible within the given timeframe and pointed out that these concerns had not been raised previously during their nearly year-long cooperation.
On July 31, 2026, Cybera informed Recoveris of its intent to terminate the agreement, citing reasons that Recoveris claims are not permitted under the contract’s terms, particularly during the current one-year term.
As of the date of the complaint, Recoveris asserts that Cybera owes $354,500 of the contracted $480,000 and has refused to pay the remaining balance. Recoveris is seeking judgment in its favor for the outstanding amount, plus interest, costs, and other relief, and has demanded a trial by jury.
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