Twitter user and Chinese domain investor posted that Godaddy Auctions allows people to use two bidder accounts on the same name and a lot of people are using it for tricking the auctions.
Last edited:
5065.com from $20,250 to $15…
Was that purchased finalized or not ?Fifteen dollars.
You will also notice that no one associated with GoDaddy is denying these rollbacks are happening.
Brad
1. GoDaddy has the data and could follow the trail to track down who is abusing the system.
2. If the rollback is automated, that is an issue.
I mean they can track where the domains end up.1. Nope, Only if the entire API goes offline and then 1 by 1 open/allowed again, they'll figure out where & how but not who's behind.
2. Automated, with little to zero human touch
Regards
This is premeditated "scam" and a long time before started in 2019. My 1st eye-on was in Sept 2019 and the first thing that come in my mind was: H*sh*t , they opened 1000s of fake GD accounts and the operation is running via GA API. I & co, we started to track and trace and most of DN ended in CN. THEN, copy cats come out but not so so organized as a ping pong teams. I'm not going to post the tactics they used in the past and nowadays bc we invested our resources into something that the biggest elephant in the Domain Industry is not willing to fix and change the auction algo. Since Dec 2019 I never participated in ANY auction incl. NJ shitshow (except @ NP), where a bunch of prominent Pro's played/playing badminton. (some are under ICA membership oath ... anyway I don't care ) .I mean they can track where the domains end up.
Are they eventually ending up in the same handful of accounts?
If so, that party is likely to be involved in the scheme.
Brad
@GoDaddy is making a mockery of domain auctions.
People are paying more for GoDaddy closeouts than scammers are paying for (5) figure domains.
There seems to be no actual sense of urgency to address this fraud.
Unless there is some hidden benefit to GoDaddy, like inflating the revenue when it comes to accounting or there are some insider shenanigans, the lack of action on this doesn't make any sense.
The amount of income this is costing GoDaddy in a couple weeks is likely higher than dedicating the resources to actually fix it.
GoDaddy has the data and could follow the trail to track down who is abusing the system.
If the rollback is automated, that is an issue.
If it was manual, it means someone at GoDaddy actually looked at this and thought $15 was reasonable.
Brad
and we will always continue to maintain and develop a safe environment for domain name buying and selling.
Easy solution, if not paid, the domain will be re-auctioned!While we do not discuss sales prices at GoDaddy Auctions, this auction did end on 8/12, a couple of weeks prior to us ramping up our manual efforts, which are identifying and taking action on any accounts that are suspected of shill bidding. We have more that we are planning and implementing both in the next few months and longer term.
We take the integrity and trust of GoDaddy Auctions with the utmost sincerity, and we will always continue to maintain and develop a safe environment for domain name buying and selling.
re-auctioned!
Re-auctioning, while an intuitive solution, isn't a foolproof method when taken on its own, especially when coupled with the issue of shill bidding. Let's use the example of ABC.com being auctioned. If I'm one of the bidders and the price surges beyond my budget, I might be tempted to employ shill bidding tactics to ensure the domain isn't sold.Easy solution, if not paid, the domain will be re-auctioned!
re-auctioning, issuing warnings, and implementing bans
jone.com | $30,050 | 9/19/2023 | Godaddy |
Could someone please explain how and when Godaddy auction rollbacks do happen ?
Nope, it was rolled back to $120.Did gifsoup.com sell for the 21350 final bid?
Unreal.Nope, it was rolled back to $120.
Some other rollbacks since my last post:
MoonDog.com from $12,500 to $10.
MillionDollarIdeas.com from $7,200 to $515.
X8Bet.com from $67,666 to $10.
MyUniversity.com from $12,150 to $22.
AdPerk.com from $5,800 to $10.
UnleashedLife.com from $4,000 to $35.
FloHome.com from $30,278 to $25.
0241.com from $35,005 to $5,300.
GoDaddy would be doing themselves a huge favor if they would acknowledge that the rollback system is fundamentally flawed, and stop being content with band aids like manual policing.
MyUniversity.com from $12,150 to $22.
At first glance it doesn't seem like there would be a benefit, unless it is related to accounting shenanigans of some type.
What would be the reason for Godaddy to let this "issue" keep going on?
The solution is quite simple. If the winning bider doesn't pay, ban them for life at GD auctions, give the chance to the second highest bid to pay. If they don't want it, repeat the auction if possible. If not possisble, let the domain expire.
But don't do what they are currently doing, because that's just a joke.
If they don't solve this issue, it's either because they are too "lazy", or they are just fine with what's happening.