Wednesday, July 26, 2006

ICANN's 'Add Grace Period' Being Abused

BJHacker writes on Kuro5hin:

Of more than 35 million domain names registered in May 2006, less than 3 million were legitimate! The remaining 92% were dropped within five days without incurring registration fees.

A loophole in the ICANN regulations permits domain registrars to delete a registration within five days a receive a full refund. This has led to a growing practice dubbed Domain Name Kiting.

More here.

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