Chainalysis sues U.S. over $94.7M TRM Labs contract

Chainalysis Government Solutions has taken the U.S. government to the Court of Federal Claims over a $94.7 million Immigration and Customs Enforcement contract awarded to rival blockchain intelligence company TRM Labs. Summary Chainalysis sued the U.S. government challenging ICE’s $94.7 million sole-source contract awarded to TRM Labs. ICE awarded TRM Labs the contract July 1 for Homeland Security Task Force analytical support. The Court of Federal Claims sealed Chainalysis’s complaint and entered a protective order in July. Chainalysis filed its motion for judgment August 11, while government responses are due August 21. Oral arguments are scheduled September 2, with the government requesting a ruling by September 10. The case, Chainalysis Government Solutions, LLC v. United States, No. 26-1067C, was filed July 27. TRM Labs has intervened on the government’s side. The court’s July 31 order confirms Chainalysis’s complaint was permitted to remain under seal and establishes an expedited briefing schedule. Chainalysis challenges a $94.7 million sole-source award Public procurement records show ICE awarded TRM Labs contract 70CMSD26C00000005 on July 1 for analytical support to the Hom...