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23andMe Files Chapter 11 Bankruptcy After Data Breach Exposes 7 Million, Offers Compensation Claims by July 14

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Updated May 13, 2025, 06:40 PM

Genetic testing company 23andMe filed for Chapter 11 bankruptcy on March 23, 2025, following a cybersecurity breach that exposed the personal data of approximately 7 million users, including names, birth years, and locations. The company announced on May 9 that affected customers may be eligible for compensation if they submit claims by July 14. This incident has prompted discussions about how startups handle privacy policies and data permissions, with experts suggesting it will accelerate trends toward more explicit consumer data protections in sales or mergers. Meanwhile, a 25-year-old college dropout has been noted as attempting to turn the company around while revolutionizing genetic testing.

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#23andMe

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Sources

law.com(2)fastcompany.com nbcphiladelphia.com inc.com

Fast Company

@FastCompany

The genetic testing firm must pay customers after personal information was exposed in a cybersecurity incident, if they submit claims by July 14. https://t.co/UUmhTEOTog

Corporate Counsel

@CorpCounsel

The 23andMe saga is likely to accelerate an ongoing trend of smaller companies and startups proactively securing broader data permissions and explicitly delineating how consumer data will be treated in a sale or merger. https://t.co/bZ52JvJV7t

NBC10 Philadelphia

@NBCPhiladelphia

Some 23andMe users may be eligible for compensation, according to a recent announcement to customers. The May 9 announcement comes less than two months after the company filed for Chapter 11 bankruptcy on March 23. https://t.co/wuCtLBEZxC

Story Timeline

1 month ago•Latest version

23andMe Files Chapter 11 Bankruptcy After Data Breach Exposes 7 Million, Offers Compensation Claims by July 14

1 month ago

23andMe Offers Up to $10,000 Compensation for 2023 Data Breach Claims Due by July 14

1 month ago•Original version

23andMe Files for Bankruptcy After 2023 Data Breach Exposes 7 Million Customers; Claims Due by July 14

23andMe Files Chapter 11 Bankruptcy After Data Breach Exposes 7 Million, Offers Compensation Claims by July 14

Related Prediction Markets

Will Cluely declare bankruptcy in 2025?

Will MicroStrategy announce bankruptcy in 2025?

Will WeWork declare bankruptcy before July?

Sources

Story Timeline

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