Chainalysis Challenges ICE’s $94.7M TRM Labs Award

Chainalysis Authorities Options filed a bid protest towards U.S. Immigration and Customs Enforcement’s sole-source award to TRM Labs, difficult a contract valued at $94,655,840 for blockchain-forensics software program and assist companies. The case was filed within the U.S. Courtroom of Federal Claims on July 27, in line with a courtroom docket itemizing.The dispute issues contract 70CMSD26C00000005, which ICE awarded to TRM Labs on July 1 for work supporting Homeland Safety Job Pressure investigations. Chainalysis alleges the company assessed its capabilities towards standards that didn't seem within the closing Assertion of Want used for the procurement.ICE’s $94.7M TRM Labs awardICE’s award report identifies TRM Labs because the recipient of the $94.7 million contract for forensic software program and associated assist companies tied to Homeland Safety Job Pressure investigations. The contract worth is $94,655,840, in line with the HigherGov award report.The settlement runs for one 12 months, from July 1, 2026 by way of June 30, 2027. Its listed place of efficiency is Fairfax, Virginia, in line with a GovChime federal contract report.As a result of it covers analytical instruments and assist for presidency investigations, the award is consequential past its dimension. Whether or not will probably be put aside stays for the Courtroom of Federal Claims to resolve because it considers Chainalysis’s problem to ICE’s procurement course of; the corporate’s protest, by itself, doesn't resolve that query.Three days for functionality statementsICE publicly signalled its meant method weeks earlier than the award. In a June 8 procurement discover, the company mentioned it meant to solicit TRM Labs as a single supply and invited different distributors to submit a one-page functionality assertion by June 11.That gave distributors three days to answer the discover. The SAM.gov discover set out the deadline and the one-page format, framing the train round whether or not one other supplier may show related functionality quite than round a standard full competitors.For Chainalysis, the brief response window is background to the later courtroom dispute. The extra particular allegation reported from the protest issues the requirements ICE used to check distributors’ capabilities.Chainalysis alleges omitted requirementsChainalysis alleges that ICE evaluated it utilizing necessities in a Could 28 request for info that had been omitted from the later Assertion of Want, together with automated disruption capabilities and partnerships with stablecoin issuers, in line with The Block’s report.The corporate is asking the courtroom to dam efficiency of the TRM Labs contract and require ICE to conduct a full and open competitors. Oral argument was scheduled for September 2, 2026, The Block reported.

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