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Chainalysis has filed a lawsuit against the US government regarding a $94.6 million crypto tracing contract that was awarded to rival TRM Labs without a competitive bidding process.
The firm describes the government's decision as "arbitrary, capricious, and unreasonable." TRM Labs is currently defending the contract, and a ruling on the matter is expected by September 10.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.