reading thru that ICAAN doco it looks like it all comes down to money problems

"Specifically, (REDACTED) provided ICANN with copies of emails to Mr. Medina that indicated that 592 transfers were failing due to Registerfly's insufficient funding of its (REDACTED) account" and "Registerfly’s failure to properly fund its Registry Accounts places its customers at risk of losing the Registered Names the customers paid for. Indeed, Registerfly customers self-report that such instances have already occurred."