FBI seizes NetNut domains; Alarum stock plunges
Analysis based on 90 articles · First reported Jul 06, 2026 · Last updated Aug 13, 2026
The FBI seizure and subsequent disclosure caused a dramatic decline in Alarum's stock price, erasing over half of its market value in a single trading day. The resulting securities class actions and investigations are likely to impose significant legal costs and reputational damage on Alarum, potentially affecting its ability to operate and raise capital.
On July 2, 2026, Alarum Technologies disclosed that the FBI had seized certain domains associated with its subsidiary NetNut Ltd. as part of a coordinated law enforcement action targeting NetNut's residential proxy platforms. The FBI is investigating whether NetNut linked customers' home internet devices without consent into a network used to disguise locations, potentially enabling cybercriminals. Following the disclosure, Alarum's American Depositary Shares fell sharply, dropping 51.49% on July 6, 2026, and closing at $3.06 per ADR, down from $8.02 on July 1. Multiple law firms, including Rosen Law Firm, Pomerantz LLP, Bronstein, Gewirtz & Grossman, LLC, Wolf Haldenstein Adler Freeman & Herz LLP, Robbins LLP, and Law Offices of Howard G. Smith, have launched investigations and filed securities class action lawsuits alleging that Alarum and certain officers made materially false and misleading statements during the Class Period from March 20, 2025 to July 2, 2026. The lawsuits seek to recover investor losses. Alarum has stated it is cooperating with law enforcement and investigating whether its network was used for unlawful purposes.
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