Registrars reserve powerful rights to de-register domain names belonging to registrants who have violated the terms of service agreement. They tend not to, in the absence of a court order. It turns out that GoDaddy does, here in the case of a website that was making available lists of MySpace usernames and passwords.
One domain name industry site is calling this a PR nightmare for GoDaddy. GoDaddy might, however, be able to pick up some business from the people who had their usernames and passwords published.

GoDaddy’s CEO maintains a blog
, and we hope he comments on this.