Federal Trade Commission Chairman Andrew Ferguson said he's keeping an eye on 23andMe's bankruptcy proceeding and the company's planned sale because of privacy concerns related to genetic testing data.

Whoever buys 23andMe should be required to keep customer data private, according to the US Federal Trade Commission. The FTC weighed in on 23andMe’s sale today, a week after the DNA testing company filed for bankruptcy.

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.