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SEI Foundation’s 23andMe Deal Faces Backlash Over Privacy

Posted on April 3, 2025

The SEI Foundation’s $500M bid to acquire 23andMe and tokenize genetic data as NFTs, reported March 28, hit a snag on April 3, 2025. Privacy advocates slammed the plan, citing risks of data leaks on Sei’s blockchain. A petition on X gained 50,000 signatures, demanding a halt. SEI insists its layer-1 chain ensures security, but the controversy could delay the deal past its late-2025 target.

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