The 23andMe hacking saga has a brand new growth, courtesy of a multi-million greenback payout to its victims.
On Tuesday, July 7, a U.S. chapter decide ordered 23andMe’s mother or father firm, Chrome Holding, to pay $46.75 million in compensation for the 2023 hack. The quantity consists of $14.29 million beforehand distributed, Reuters reports.
The genetic testing firm, which as soon as had a $6 billion valuation, filed for Chapter 11 bankruptcy in early 2025.
The entire sum will probably be paid to Kroll Restructuring Administration, which can then distribute it to the victims. As much as 6.9 million people noticed their information compromised within the breach, however the precise quantity receiving a payout is unclear.
Quick Firm has reached out to Kroll Restructuring Administration and 23andMe for extra info. We are going to replace this submit if we hear again.
What is occurring with 23andMe now?
As of right now, 23andMe continues to be promoting DNA checks on its web site. Final 12 months, Chrome Holding outbid Regeneron Pharmaceuticals—to the tune of $305 million—for 23andMe, underneath the genetics firm’s co-founder, Anne Wojcicki. Chrome Holding operates because the TTAM Analysis Institute.
Tuesday’s resolution doesn’t absolutely wrap up 23andMe’s fallout from the hack. In Might, California Attorney General Rob Bonta sued Chrome Holding “for failing to guard its clients’ delicate private info and genetic information associated to their well being, genetic predispositions and danger components, organic relations, ancestry, and ethnicity.” The swimsuit additional claims that 23andMe “misled” clients about sure components of the breach.
