Bankrupt DNA testing company 23andMe Holding (OTC:MEHCQ) is set to hold a second auction to sell its assets, including customers’ genetic data, after a group led by its former CEO Anne Wojcicki submitted a $305M bid,

Added to that, 23andMe suffered a massive data breach in 2023 that resulted in information from about 7 million people being exposed. It was forced to pay $30 million to settle a lawsuit last year alleging it had failed to protect customers' privacy after a data breach.

Genetic testing company 23andMe is preparing for a renewed auction of its assets after a federal judge agreed to reopen the sale process, following an eleventh hour bid from company co-founder Anne Wojcicki.