The .ly Domain Space To Be Considered Unsafe 

Short version: Ben Galbraith and his partner, sex blogger Violet Blue, were using vb.ly as a URL shortener for sexy web content and the Libyan government cancelled their domain registration. Additionally, the Libyans have decided to stop letting non-Libyans register .ly domains 3 characters or fewer in length, which means it's a good thing Bit.ly has that other domain of theirs to fall back on.