On Tuesday, the Internet Corporation for Assigned Names and Numbers (ICANN) informed EstDomains, an Estonia-based seller of domain names, that they would be revoking their accreditation by virtue of the company's president Vladimir Tsastin conviction in February. Tsastin was charged with online credit card fraud and money laundering and according to EstDomains, he was removed from his position as Chief Executing Officer (CEO) on June 25, although the ICANN was not notified of the decision.

The former CEO is currently appealing his conviction to Estonia’s Supreme Court.

ICANN issued a notice on Tuesday, announcing the Estonian domain name seller they would no longer be allowed to register new domain names, adding that the 281,000 domain names that the company was already handling would be moved to another registrar.

Nevertheless, given Vladimir Tsastin’s pending appeal to the Supreme Court, the Internet’s authority over domain names has decided to postpone the previously scheduled for November 12 pulling the plug on EstDomains, until a review of the information that the CEO had been changed ever since June is performed.

Konstontin Poltev, EstDomains new Chief Executing Officer, has stated that the company had failed to inform ICANN on the decision to remove Tsastin from the helm because they did not know they had been required to do so.

The domain name seller has caught the attention of security experts for a while now, since a large number of malicious domains have been registered with the company, researchers claiming that EstDomains has long been a haven for cyber-criminals.