Just to acquire something someone else likely obtained fair and square with his/her hard-earned money? Does a domain name have to show content to be "used" anyway, especially when there are other plausible uses for it like email, DNS server, etc.?
There are measures to handle domain squatting of trademarks. Beyond that, nothing much except maybe some people wanting to selfishly take things that don't belong to them, just because they can't seemingly have their way with those having what they covet.
Well not set expectations lower, but rather more realistic.
Sorry to read what happened to you, throwawayhelp. As one who's worked with similar cases in my ex-registrar life, unfortunately I'll tell you right now these things do take time.
As mentioned earlier, give it about 24 hours. While we all want things immediately or done right away, things aren't always as simple as we want to believe.
As long as you contacted NameCheap right away and gave as much information as possible, they'll at least take action. Good luck, and keep folks here posted when you can.
There are measures to handle domain squatting of trademarks. Beyond that, nothing much except maybe some people wanting to selfishly take things that don't belong to them, just because they can't seemingly have their way with those having what they covet.