Lead Networks lost its accreditation because it failed to comply with the requirements of the Registrar Accreditation Agreement.
ICANNÂ wants to find a qualified registrar in 30 days from 15 July.
On their site,ICANN gives many informations about this process so that the ones who have domain names registered at Lead Networks to be informed about what is going to happen.
The owners are being advised to wait until the new registrar will contact them and then to follow the steps to begin managing their domain names.
"Once the receiving registrar is selected, ICANN will provide it with registration data and notify the registries to effect the bulk transfer after the data has been integrated into the receiving registrar's systems. The receiving registrar will then send notices to the affected registrants, with instructions on how to begin managing names with the receiving registrar."
For more informations you can visit: http://www.icann.com/en/announcements/announcement-17jul09-en.htm