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registrars ICANN terminates OpenTLD, famous for its connection to .TK domains

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ICANN has sent a notice of termination to OpenTLD, the domain name registrar associated with the Freenom group of companies. Freenom is best known for giving away free domain registrations, most famously .tk, in a dwindling number of country code domain names as it faces legal challenges. However, it also has common ownership with OpenTLD in order to offer ICANN-accredited TLDs.
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So what will happen to the TK tld?
 
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