Chainalysis Sues ICE Over $95 Million Blockchain Contract Award

2026-09-01

Blockchain analytics firm Chainalysis has filed a lawsuit against U.S. Immigration and Customs Enforcement (ICE). The suit challenges the awarding of a $95 million contract to TRM Labs, alleging unfair steering.

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Blockchain analytics firm Chainalysis is suing U.S. Immigration and Customs Enforcement (ICE) over a $95 million contract awarded to TRM Labs. Chainalysis alleges the contract was unfairly steered and seeks to block it and mandate a new competitive bidding process.

Key facts

Chainalysis has filed a lawsuit against U.S. Immigration and Customs Enforcement (ICE).
The lawsuit challenges a $95 million contract awarded to TRM Labs.
Chainalysis alleges that ICE unfairly steered the contract and bypassed open competition.
The firm is requesting the court to block the contract and mandate a new competitive bidding process.
The outcome could set a precedent for how federal agencies award specialized blockchain services contracts.

Source: The Block

Reported by VERA Newswire.