News Source: WiredPRNews.com
An auction for the controversial domain name was put on hold after a petition filing.

New York (WiredPRNews.com) – An auction for the domain name Sex.com has been put on hold after a recent petition filing to stop it. As reported by the Associated Press (AP) the petition, filed by three creditors, has forced the owner of the popular domain name, Escom LLC, to file for bankruptcy.

As noted in the report, the creditors have a purported combined claim of over $10 million for the site, which was listed for an initial bid of $1 million. Investor Mike Mann asserts putting the domain name up for auction was not a good move for its value. Mann is quoted by the AP as stating, “It's gone way up in value… It's the most valuable domain in the world. They were throwing away the world's most valuable domain asset.”

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