Law firms are investigating potential securities-law claims after reports tied Alarum subsidiary NetNut to malicious traffic routing and an FBI domain seizure linked to its residential proxy network.
Law firms are investigating potential securities-law claims on behalf of Alarum Technologies Ltd. investors after a series of reports and disclosures tied subsidiary NetNut to alleged cybercrime infrastructure and triggered steep stock declines. Glancy Prongay Wolke & Rotter LLP said it has commenced an investigation into possible federal securities-law violations, adding to an earlier probe disclosed by Rosen Law Firm. The latest release points to July 2, 2026 reporting that Google had disabled accounts and services used in NetNut, alleging the unit was connected to the Popa botnet and was being used to conceal and route malicious online traffic. Reuters reported Google had shared technical intelligence with law enforcement and industry partners. Alarum shares fell $1.67, or 20.81%, to close at $6.35 on July 2, 2026. After the market closed that day, Bloomberg News reported that the FBI had seized multiple internet domains as part of what it described as a coordinated law-enforcement action targeting infrastructure associated with NetNut’s residential proxy platforms, as well as its administrators and users, and said the investigation had been underway for more than a year. Bloomberg also said some devices can be enrolled in residential proxy networks without their owners’ knowledge. Alarum then disclosed that it and NetNut had been made aware that the FBI had seized certain domains associated with NetNut. The company’s American Depositary Shares later fell 51.49% on July 6, 2026; Glancy’s release described the move as a $3.27, or 51.5%, drop to $3.08.