Chainalysis sues US government over a sole-source ICE contract awarded to rival TRM Labs, alleging DHS bypassed competitive procurement rules

Chainalysis Government Solutions filed suit in the Court of Federal Claims, arguing DHS and ICE bypassed normal competition procedures to award a sole-source contract directly to TRM Labs, and is seeking to halt the arrangement. TRM Labs has intervened as a defendant-intervenor on the government's side. The court entered a protective order citing potentially competition-sensitive information, and oral arguments are scheduled for September 2, 2026.

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