Chainalysis challenges ICE’s $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. Summary Chainalysis filed seven claims challenging ICE’s $94.66 million sole-source blockchain analytics award to TRM Labs. Seven claims challenge ICE’s evaluation, restrictive criteria, acquisition planning, and reliance on sole-source procurement authority. ICE gave interested vendors three days and one page to explain their relevant capabilities fully. Chainalysis alleges several requirements tracked TRM products but were omitted from the final needs statement. Oral argument is scheduled September 2, while the government has requested judgment by September 10. 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 Chainalysis’s 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. ...