As I’ve mentioned a few times in the past, ICANN takes a dim view of registrars who misbehave.
EstDomains cropped up in the news a few times over the last few months, as their head honcho, Vladimir Tsastsin was embroiled in a number of legal issues in Estonia.
ICANN finally sent EstDomains a notice of termination (burnette-to-tsastsin-28oct08-en.pdf )based on Tsastsin being an officer of the company (if he isn’t the termination could still be voided). ICANN have also put out a request for statements of interest from other registrars to pick up the 280000 domains held by EstDomains.
A post over on CircleID questions whether other registrars would have an interest in picking up EstDomains’ portfolio.
Be that as it may, genuine registrants will need to find a new home for their domains regardless of whether EstDomains find a new home for their portfolio or if ICANN does it for them.