Story.com, Newspaper.com Stolen

I just found two threads on DomainState.com saying that Story.com and Newspaper.com were stolen. Apparently, the thief tried selling the domains at five-figure prices to make a fast buck. He succeeded in selling Newspaper.com to a German domain buyer, who didn’t know the domain had been stolen and paid $20,000 in advance for it, money which the buyer probably won’t get back. Both domains are currently in the process of being returned to their rightful owners.

This shows once again that, as a domain owner, you must be very careful about protecting your domain names, and as a domain buyer you should be suspicious of a seller who offers a very high-value generic domain to you at a price too good to be true. It shows also that there is a growing market for domain insurance services.

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