Chainalysis Government Solutions is pressing a U.S. Court of Federal Claims challenge to a roughly $95 million sole-source blockchain analytics contract awarded to rival TRM Labs, a deal Bloomberg reported the Department of Homeland Security struck in July for cryptocurrency-tracing software and analyst support. Federal records list the ICE award, contract 70CMSD26C00000005, at $94,655,840 for one year from July 1, 2026, through June 30, 2027, covering forensic tools and support for Homeland Security Task Force work on blockchain tracing, scam disruption, cybercrime and sextortion. Bloomberg framed the buy as part of the White House push against a surge in crypto scams and as a new flashpoint over the Trump administration’s use of no-bid deals. A redacted Chainalysis complaint unsealed Aug. 28 sets out seven claims attacking ICE’s evaluation, restrictive specifications, acquisition planning and sole-source authority, including alleged reliance on older Federal Acquisition Regulation “unique capabilities” language omitted from the Revolutionary FAR Overhaul rules governing the procurement. Chainalysis says an earlier Request for Information sought features later dropped from the final Statement of Need, while vendors challenging the June 8 notice of intent had three days and one page to reply. TRM Labs has joined as a defendant-intervenor. Chainalysis asks the court to declare the award unlawful, halt performance, order full and open competition and award costs; a win would not automatically shift the work to Chainalysis. Judge Stephen S. Schwartz set oral argument for Sept. 2 at 10 a.m. EDT in Washington, D.C. The court has not ruled that ICE or TRM acted improperly.