Chainalysis Sues US Government Over TRM Labs Crypto Contract Worth $94.6 Million
Chainalysis has taken the U.S. government to court over a $94.6 million contract awarded to rival TRM Labs.
The company, which previously received sole-source crypto software deals from the same agencies, was left out of the contract process this time around.
This move is seen as a significant blow to Chainalysis' business model, which relies heavily on government contracts to drive revenue.