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 choose ordered 23andMe’s guardian 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 full sum might be paid to Kroll Restructuring Administration, which can then distribute it to the victims. As much as 6.9 million people noticed their knowledge compromised within the breach, however the precise quantity receiving a payout is unclear.
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Quick Firm has reached out to Kroll Restructuring Administration and 23andMe for extra info. We are going to replace this publish if we hear again.
What is occurring with 23andMe now?
As of right this moment, 23andMe remains to be promoting DNA exams on its web site. Final yr, Chrome Holding outbid Regeneron Pharmaceuticals—to the tune of $305 million—for 23andMe, below the genetics firm’s co-founder, Anne Wojcicki. Chrome Holding operates because the TTAM Analysis Institute.
Tuesday’s choice 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 prospects’ delicate private info and genetic knowledge associated to their well being, genetic predispositions and threat components, organic kin, ancestry, and ethnicity.” The go well with additional claims that 23andMe “misled” prospects about sure elements of the breach.
