Why is Namecheap able to snatch up expired domains?

[789.xyz]

Namecheap clearly doesn't offer a domain backordering service, so how can it register expired domains like mykey.xyz at the first opportunity? I submitted a backorder request on other platforms, but the domain was registered by Namecheap.

I have previously contacted Namecheap's customer support, and they confirmed that they do not provide backordering services. There have been similar cases before where the domains were registered by individuals.

 

[Mr. DeletedMr. Deleted is verified member.]

Maybe the back ordering is not working well for xyz?