75,000 customer domains expired at RegistryFly.com

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RegistryFly.com - The registrar’s operations have descended into chaos this week, with its web site paralyzed amid allegations that the former president and CEO misused company funds.
As the company’s principals battle one another, thousands of domain names have been caught in the crossfire. RegisterFly says that at least 75,000 customer domains expired as a direct result of the company’s financial and management problems. RegisterFly is also an SSL certificate authority, making its stability an issue for about 460 site owners who are currently securing sites with FlySSL certificates.
That’s why it’s important to register your domain names with good stable registrars. Do not be enticed by few dollars, because you might pay a higher price if the registrar goes down.
News source [netcraft.com]
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By Ashish K Arora on Sep 24, 2007
Hey Ades,
What does domain expire mean? is it something, there is some kind of annual fee for keeping the domain with you. and when we dont pay the renewal fee then domain gets expired/
Please clarify my doubt.
Thanks.
By Ades on Sep 24, 2007
Hi Ashish, domains are renewed every year, and usually the fee is under $10 per year. Please note that this post is about firefly, so if you have account with them then you should contact them.
By Ashish K Arora on Oct 26, 2007
ok Ades… thanks for the info…
sorry ,i am replying almost after a month… I just checked the reply today itself.
Thanks…