Chainalysis has filed a lawsuit against the US Immigration and Customs Enforcement (ICE) agency, alleging that a $95 million blockchain contract was unfairly awarded to TRM Labs. The contract, which was awarded without a public bidding process, is set to run for five years. Chainalysis claims that the contract was awarded based on a flawed evaluation process, which unfairly favored TRM Labs over its own bid. The lawsuit asks a federal court to block the contract and require ICE to conduct a full and open competition.
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Chainalysis's lawsuit also claims that the contract was awarded without proper transparency and accountability measures in place. The company argues that this lack of transparency has led to a contract that does not provide the best value for the US government. The lawsuit seeks to block the contract and ensure that future contracts are awarded through a fair and transparent process.