I was referring to the original sellout of USSR institutions during the '90s: as the world pushed the Soviets to renounce public ownership, they sold off massive assets at fire-sale prices to well-connected profiteers.

Here, .org had certain restrictions that made its governance somewhat "public". Those restrictions were removed and the asset was hurriedly sold, at a debatable price, to well-connected profiteers. Looks very similar to me.