Chainalysis challenges ICEs $94.7M TRM award
Chainalysis Government Solutions has expanded its legal challenge against a $94.66 million blockchain analytics contract that U.S. Immigration and Customs Enforcement awarded to TRM Labs. A redacted complaint made public on Aug. 28 details seven claims against the U.S. government. Chainalysis alleges that ICE improperly avoided an open competition and evaluated potential suppliers against requirements that it did not fully disclose. The filing represents Chainalysiss account of the procurement. ICE and TRM Labs are contesting the case, and the U.S. Court of Federal Claims has not found that either party acted improperly. JUST IN: Chainalysis is accusing ICE of steering a $95 million contract to rival TRM Labs It says the agency used undisclosed criteria that matched TRMs existing products pic.twitter.com/9uqnrI501L — crypto.news (@cryptodotnews) August 31, 2026 Chainalysis says ICE changed its evaluation criteria ICE awarded contract 70CMSD26C00000005 to TRM Labs on July 1. The one-year agreement runs through June 30, 2027 and covers forensic software and support for Homeland Security Task Force investigations. The work includes blockchain tracing, scam disruption, cybercrime investigations and support for sextortion cases. TRM Labs later joined the lawsuit as a defendant-intervenor, allowing it to defend the award alongside the government. Chainalysis‘s first three claims focus on how ICE defined and evaluated its requirements.









