Chainalysis Government Solutions filed a bid protest against U.S. Immigration and Customs Enforcement’s sole-source award to TRM Labs, challenging a contract valued at $94,655,840 for blockchain-forensics software and support services. The case was filed in the U.S. Court of Federal Claims on July 27, according to a court docket listing.
The dispute concerns contract 70CMSD26C00000005, which ICE awarded to TRM Labs on July 1 for work supporting Homeland Security Task Force investigations. Chainalysis alleges the agency assessed its capabilities against criteria that did not appear in the final Statement of Need used for the procurement.
ICE’s award record identifies TRM Labs as the recipient of the $94.7 million contract for forensic software and related support services tied to Homeland Security Task Force investigations. The contract value is $94,655,840, according to the HigherGov award record.
The agreement runs for one year, from July 1, 2026 through June 30, 2027. Its listed place of performance is Fairfax, Virginia, according to a GovChime federal contract record.
Because it covers analytical tools and support for government investigations, the award is consequential beyond its size. Whether it will be set aside remains for the Court of Federal Claims to decide as it considers Chainalysis’s challenge to ICE’s procurement process; the company’s protest, by itself, does not resolve that question.
ICE publicly signalled its intended approach weeks before the award. In a June 8 procurement notice, the agency said it intended to solicit TRM Labs as a single source and invited other interested vendors to submit a one-page capability statement by June 11.
That gave vendors three days to respond to the notice. The SAM.gov notice set out the deadline and the one-page format, framing the exercise around whether another provider could demonstrate relevant capability rather than around a conventional full competition.
For Chainalysis, the short response window is background to the later court dispute. The more specific allegation reported from the protest concerns the standards ICE used to compare vendors’ capabilities.
Chainalysis alleges that ICE evaluated it using requirements in a May 28 request for information that were omitted from the later Statement of Need, including automated disruption capabilities and partnerships with stablecoin issuers, according to The Block’s report.
The company is asking the court to block performance of the TRM Labs contract and require ICE to conduct a full and open competition. Oral argument was scheduled for September 2, 2026, The Block reported.
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