01 Apr '15, 7am

That mystery $1 million .sucks fee explained, and it’s probably not what you thought

That mystery $1 million .sucks fee explained, and it’s probably not what you thought Kevin Murphy , April 1, 2015, 07:51:30 (UTC), Domain Registries Vox Populi has agreed to pay ICANN up to $1 million in extra fees in order to pay off the debts of affiliated deadbeat registrars, I can reveal. The formerly mysterious fees, which comprise a $100,000 start-up payment and $1 for each of its first 900,000 .sucks transactions, were discovered by ICANN’s Intellectual Property Constituency, as I reported Friday . I speculated that the payments may have related to ICANN padding out its legal defense fund, rather like it did with .xxx a few years ago, but it turns out that guess was dead wrong. ICANN has told DI: Some affiliates of Momentous, the majority owners of Vox Populi Registry, had previously defaulted on substantial payments to ICANN. Given this previous experience, ICANN n...

Full article: http://domainincite.com/18282-that-mystery-1-million-suck...

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