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Chainalysis sues ICE over alleged tailoring of $94.66 million contract
The complaint, filed in the U.S. Court of Federal Claims, seeks to block the sole-source award and require ICE to run a full and open competition.
Chainalysis has accused U.S. Immigration and Customs Enforcement, or ICE, of steering a nearly $95 million blockchain analytics contract to rival TRM Labs by allegedly tailoring requirements to TRM’s existing products and relationships, The Block reports.
The firm says it was given three days to respond to a broad Statement of Need after ICE instructed it to address the document, but Chainalysis claims the agency then rejected its submission using undisclosed criteria.
According to the complaint, ICE improperly relied on criteria from an earlier Request for Information rather than the later Statement of Need provided to TRM’s rivals for a sole-source award.
ICE awarded TRM a $94.66 million sole-source contract for forensic software and support services for Homeland Security Task Force investigations, with a performance period from July 1, 2026, through June 30, 2027, based on federal contract records, as stated by The Block.