Chainalysis Accuses ICE of Steering $95M Blockchain Contract to TRM Labs

Chainalysis Government Solutions has filed seven claims against the U.S. government, alleging that ICE improperly steered a $94.66 million sole-source blockchain analytics contract to rival TRM Labs. Chainalysis says ICE evaluated its bid using requirements that were not fully disclosed in the final Statement of Need and that several criteria closely matched TRM’s existing products and partnerships. Chainalysis is asking the court to block the award and require a full and open competition. Oral arguments are scheduled for September 2.