The genetic testing company has filed for bankruptcy protection and it's unclear what will happen to its massive collection of customer data.

Just months after it started trading on the Nasdaq in June 2021, the company was valued as high as $5.8 billion. As of Friday, the firm’s shares were worth less than a dollar.

The U.S. Federal Trade Commission is concerned about the potential sale or transfer of Americans' personal information by 23andMe ancestry testing company which recently filed for bankruptcy, the agency's chairman said on Monday.

23andMe, the company whose mail-in self-testing kits became synonymous with DNA testing, is filing for bankruptcy . Anne Wojcicki, who co-founded 23andMe in 2006, is stepping down as CEO as the company tries to find a buyer amid slowing sales four years after going public.

Scroll to the bottom of the page and click the red button that says, “Permanently Delete Data.” You will receive an email with the subject line “23andMe Delete Account Request.” Open it, and click the button that says, “Permanently Delete All Records.” Your data will not be deleted unless you complete this step.

The bankruptcy filing of 23andMe has sparked the potential for a sale that could be used to solve cold cases with the use of genetic testing.

Me, which helped popularize ancestry tracing through genetic testing, filed for bankruptcy protection and will seek a sale.

Michigan Attorney General Dana Nessel warns about privacy risks of consumer genetic tests amid 23andMe's bankruptcy, urging account deletion and data removal.