The legal action, spearheaded by Pomerantz LLP, centers on the collapse of Alarum’s market value following reports of federal intervention. On July 2, 2026, news emerged that Google and the FBI had targeted a network used to route malicious traffic, specifically identifying NetNut’s residential proxy operations. This disclosure sent American Depositary Receipts tumbling from their previous standing to $6.35.
The situation intensified after-hours when Bloomberg revealed that the FBI was actively probing whether NetNut illicitly integrated home internet devices into a location-masking network without user consent. The U.S. Department of Justice confirmed the seizure of multiple domains tied to NetNut’s infrastructure. By the close of trading on July 6, the stock had plummeted to $3.06, prompting the current litigation to recover damages for affected shareholders.
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