Godaddy domain name scam

I searched for a domain name (muddadhaba.com) on godaddy and no other search engine or domain search website. In a couple of hours when I went back to buy it, it was already booked!

The most umbelievable part is that the domain name I was trying to book made no word sense (muddadhaba.com), so it definitely can not be a coincidence and that too within a couple of hours.

Even the registrar of the domain is Godaddy and Owner is "DomainsByProxy.com". Is that a way to make more money out of people who search for a domain on godaddy? Has anyone else faced this?