Of course, the reason given is the conviction of Vladimir Tsastsin, President of EstDomain, in Estonia of credit card fraud, document forgery, and money laundering back on February 6, almost nine months ago. According to , Tsastsin's conviction violates Section 5.3 of the RAA, which states that the agreement can be terminated if "any officer or director of the company is convicted of a felony or misdemeanor related to financial activities...[and] such officer or director is not removed in such circumstances."

While engaging in spamming, malware distribution, and a host of other activities , it's the president's felony conviction that finally forced ICANN's hand, and got the accreditation revoked. But there are still many spammy registrars on the loose, and ICANN has . This is despite the fact that many of the registrars have spam sites that use bogus or incomplete WHOIS information, in violation of ICANN policy.

What about the EstDomain spammers? , it's unlikely that another registrar would be willing to take on the domain clients belonging to EstDomains if they come along with problems like spam.