Adab Solution Bounty Scam

[fortunecrypto]

I have some very bad news to all bounty hunters, one of the admin have announced that they are going to lock or have locked bounty token, so bounty hunters, will not dump the coin, this is a very old alibi, after waiting a year and not giving all of the token allocations now they are locking tokens for bounty hunters.

That is sad and bad news but hardly surprising since the "team" behind this so-called religious project are anything but religious. These scammers do not even practice the religion they claim to be representing so what chances do the bounty participants have of getting anything from them?

These scammers from Adab Solutions claim to be religious and to follow a strict code of conduct based around religion, morals and ethics but are they made it clear there are happy to accept funding from criminals, pimps, prostitutes, drug dealers and a whole host of other people that make money from either illegal or immoral sources.

They know that the bounty holders would dump their "coins" like if they were hot potatoes, so they have to find excuses to avoid this at all costs.

But we all know that this "coin" has a marked destiny: to reach its intrinsic value. I guess we all know how high is this value.

But we all can rest assure of something: it won't go below zero. It will stop at the fair value.

No sign for their "exchange" either. Will it launch?

The thing with scammers is they are quick to ask for funding and present a business to investors and then are equally quick to steal funds too.

We will see what these scammers do if they ever launch their "exchange"

This has been the topic of investors and bounty hunters on when will they launch their exchange I've read people have invested a lot of money here, ignoring the warning signs, because they keep showing that prominent people in the Arab world are supporting this venture,
they have no choice but to support this project, and will only give up if the devs stop updating their channel.

[JollyGood]

This has been the topic of investors and bounty hunters on when will they launch their exchange I've read people have invested a lot of money here, ignoring the warning signs, because they keep showing that prominent people in the Arab world are supporting this venture,
they have no choice but to support this project, and will only give up if the devs stop updating their channel.

Investors are getting upset and are posting lots of negative things on their Telegram: https://t.me/Adabsolutions

The "Adab Solutions team" just spout out the same rubbish about "bounties will be paid soon" and "exchange will launch soon".

When users ask when tokens will be unlocked they are told "soon".

The whole thing is a farce, a pathetic disaster waiting to happen.

Some users and investors are threatening legal action and are asking for a group of investors to come together and make a mass class legal action against the Adab Solutions scammers

[fortunecrypto]

This has been the topic of investors and bounty hunters on when will they launch their exchange I've read people have invested a lot of money here, ignoring the warning signs, because they keep showing that prominent people in the Arab world are supporting this venture,
they have no choice but to support this project, and will only give up if the devs stop updating their channel.

Investors are getting upset and are posting lots of negative things on their Telegram: https://t.me/Adabsolutions

The "Adab Solutions team" just spout out the same rubbish about "bounties will be paid soon" and "exchange will launch soon".

When users ask when tokens will be unlocked they are told "soon".

The whole thing is a farce, a pathetic disaster waiting to happen.

Some users and investors are threatening legal action and are asking for a group of investors to come together and make a mass class legal action against the Adab Solutions scammers

It's very interesting to follow the updates and the chat int heir telegram channel, investors and supporters are pushing the team to launch their exchange or show some actions, I think we have a big suit coming up, these are big investors some of them even invested hundreds of thousands of dollars and they have high hopes on this project.

[JollyGood]

It's very interesting to follow the updates and the chat int heir telegram channel, investors and supporters are pushing the team to launch their exchange or show some actions, I think we have a big suit coming up, these are big investors some of them even invested hundreds of thousands of dollars and they have high hopes on this project.

If memory serves correct they made a combined total of around $7 million from multiple IEOs and their ICO, not exactly earth shattering amounts.

Just exactly what is holding up their release of the exchange is not clear but investor patience is running out.

[JollyGood]

https://t.me/adabannouncement

Their own announcement platform on Telegram has not been updated since July 2019.

They have not made any official announcement about why there are delays to their scam exchange which should have launched on 30th August 2019

[robelneo]

https://t.me/adabannouncement

Their own announcement platform on Telegram has not been updated since July 2019.

They have not made any official announcement about why there are delays to their scam exchange which should have launched on 30th August 2019

Telling everybody that they haven't obtained a license to operate, now this is a piece of very bad news, what if they are denied because people from that agency will look for more information on why they should give them a license, what if they see these reports, they should have addressed all negative feedbacks and concerns before they proceed in obtaining a license, this is Islam and they should abide by it's teachings.

[Dreadcrypto]

If they indeed paid 20% of the bounty they promised, that is more than what was to be expected. Usually scams like this one pay nothing at all. Best to don't hold your breath waiting for any additional payment. I'm amazed that their main site is still online. They probably paid in advance one year of the domain and site or all of this would have long be dead and buried, like countless other scam exchanges and ICOs.

[JollyGood]

Telling everybody that they haven't obtained a license to operate, now this is a piece of very bad news, what if they are denied because people from that agency will look for more information on why they should give them a license, what if they see these reports, they should have addressed all negative feedbacks and concerns before they proceed in obtaining a license, this is Islam and they should abide by it's teachings.

They took several million in their scam ICO and multiple IEOs then decided to hold back bounties.

After that they announced the licence they claimed they had in UAE was a lie because they have no licence in UAE and are trying in Bahrain.

On top of that they are not religious people at all, they have no religious business background.

[Ghos9346]

Here was the original ANN thread which was started by a (now banned) Russian/Ukrainian sock-puppet account: https://bitcointalk.org/index.php?topic=4720775.0

Here is the new ANN thread which was started (with a new user name) with self-moderation to delete any critical posts: https://bitcointalk.org/index.php?topic=5105530.0

Here is the self-moderated "bounty thread": https://bitcointalk.org/index.php?topic=5105520.0

Here is the thread listing Russian/Ukrainian sock-puppets used to generate fake buzz in their original ANN thread: https://bitcointalk.org/index.php?topic=5077842.0

Here is the Adab Solutions profile: https://bitcointalk.org/index.php?action=profile;u=2501348


These scammers ban people on their TG channel as soon as they feel the user might expose the scammers. They delete posts from their censored threads here whenever they log in.

A comprehensive list of victims should be catalogued. If you have been scammed by these pathetic Adab Solution scammers post here please so I can compile a list.



Here is the list of victims that stated they participated in the Adab Solutions bounty but were scammed:

1) aioc
https://bitcointalk.org/index.php?topic=5043659.msg51980254#msg51980254
Expected:              76,000
Received:              20,000
Amount scammed:   46,000

2) indo1
https://bitcointalk.org/index.php?topic=5043659.msg51979809#msg51979809
Expected:   40,000
Received:   10,400 (originally received 66 but got more after complaining)
Amount scammed:   29,600



A bit of background about Adab Solutions:

Adab Solutions exchange scammers stated they raised $6.75 million and ended their 9 month bounty campaign on 31st March 2019 buthave not paid anything to any bounty participant.

These Adab Soultions exchange scammers say their business is religious but they say they will accept funding from pimps, prostitutes, drug dealers and from all sorts of criminals with earnings from all sorts of illegal and immoral sources.

The Adab Solutions exchange scammers cashed in on the new IEO craze so they decided to end their SCAM 12 month ICO early (they stopped after 9 months) and then decided to SCAM others from Bitforex, IDAX and Bit-Z/Bit-M




1) Here is how they managed to squirm out of paying bounties to those that participated. The only participants who received bounty were Adab Solutions sock-puppet accounts.

Hello. We check content campaign. That's why spreadsheet is closed. There are many scammers, fakes and no quality articles/video...
other campaigns already counted.

2) So at the beginning of the 9 month bounty campaign all the way back in mid 2018 they never announced extending the bounty campaign (which they extended twice dragging it on for 9 months) and when they got to early June 2019 they announced they wanted KYC. They abruptly stopped the bounty campaign after 9 months because they decided to jump on the IEO bandwagon and got in with a few exchanges to sell more tokens and raise even more money.

Dear investors and bounty hunters!

In order to receive your tokens kindly ask you to proceed to the KYC procedure on our website to.
https://ico.adabsolutions.com/user/profile/

Thank you

Sincerely, ADAB Solution Team

3) They flooded their original ANN thread with sock-puppet accounts to generate fake buzz and spread propaganda because they needed it otherwise they would not be able to fool investors:
https://bitcointalk.org/index.php?topic=5077842.0


4) They claim to be religious but are happy to accept funding from the following so how can they comply with any religious law Shariah?

pimps, prostitutes, porn actors, those currently behind bars in prison serving prison sentences, those that sell drugs/narcotics, those that manufacture test and sell weapons, those that own publications online/print media cursing religion, those that own transport or sells alcohol, those that own breweries and manufacture alcohol are all welcome to invest in Adab Solutions because they do not and will not check sources of income or have questionnaires asking for information - they just want the money


5) After I exposed their scam they accused me of being a disgruntled former employee just to deflect attention away from their scam but eventually they were forced to apologise:
https://bitcointalk.org/index.php?topic=4720775.msg47282863#msg47282863



Shame on these pathetic scammers who used religion to fool and entice gullible bounty participants and token purchasing investors.

Adab token will be trade on Bit-M, Bit-Z, BitForex exchanges.

When ? the IEO has been pretty long over but the trade hasn't opened yet, and what about the bounty? Will it be distributed in the near future?

ADAB already trade on Bit-Z and BitForex exchanges. The reward for the bounty will be distributed in the coming days.

coming days are you sure now july , you bring my religion islam to this project but you always lie about distribution bounty and I Got banned because I ask when start distribution ??

Got scammed by these guys during the ICO . They still even send email to advertise their referral program. Guess they're still trying to lure more people in . Is there anyway to stop this people !? 

[JollyGood]

Got scammed by these guys during the ICO . They still even send email to advertise their referral program. Guess they're still trying to lure more people in . Is there anyway to stop this people !? 

You were not the only one. They scammed on a mass scale.

Where did the money go? Why was there no exchange?

[Coinfan]

They probably tried to be accepted by an exchange, but I guess they didn't pay enough for even the most shady exchange to create a market for their "token".

Of course, any exchange would demand payment on real tokens, not on theirs.

They claim that they created their https://ficemarket.com/ but is this already working?

For someone logged off, it seems dead: https://ficemarket.com/exchange

[smyslov]

They probably tried to be accepted by an exchange, but I guess they didn't pay enough for even the most shady exchange to create a market for their "token".

Of course, any exchange would demand payment on real tokens, not on theirs.

They claim that they created their https://ficemarket.com/ but is this already working?

For someone logged off, it seems dead: https://ficemarket.com/exchange

Yes and it's proven that their exchange is not working at all there are to many bugs, there's even a lot of complaints that their token did not arrive when they tried to send it in their dashboard, all the volumes are fake, the real price of Adab is on Bitforex don't believe that it's higher in Ficemarket, this is all a deceit.

[Ghos9346]

They probably tried to be accepted by an exchange, but I guess they didn't pay enough for even the most shady exchange to create a market for their "token".

Of course, any exchange would demand payment on real tokens, not on theirs.

They claim that they created their https://ficemarket.com/ but is this already working?

For someone logged off, it seems dead: https://ficemarket.com/exchange

I have used the exchange , nothing works , orders weren't processing , until my fund got lost at all , lucky it was only a little amount for testing... 

[JollyGood]

The exchange is not live, it has not launched because it is a scam so how did you end up trading there?

I have used the exchange , nothing works , orders weren't processing , until my fund got lost at all , lucky it was only a little amount for testing... 

[Coinfan]

They probably tried to be accepted by an exchange, but I guess they didn't pay enough for even the most shady exchange to create a market for their "token".

Of course, any exchange would demand payment on real tokens, not on theirs.

They claim that they created their https://ficemarket.com/ but is this already working?

For someone logged off, it seems dead: https://ficemarket.com/exchange

Yes and it's proven that their exchange is not working at all there are to many bugs, there's even a lot of complaints that their token did not arrive when they tried to send it in their dashboard, all the volumes are fake, the real price of Adab is on Bitforex don't believe that it's higher in Ficemarket, this is all a deceit.

They indeed managed to get their ADAB token trading. I imagine what fortune they had to pay!

And the token is above 0 in value! Remarkable achievement!

It is "currently" valued at 0.0056 USD and was sold on the ICO at 0.1 USD.

https://www.coingecko.com/en/coins/adab-solutions
https://neironix.io/cryptocurrency/adab_solutions

A loss of 94.6% of the investment... I guess investors were warned about this.

[desticy]

~snip

This is unthinkable. Almost 100% of people's investments are simply lost. The funny thing is that people were warned in advance about this scam, and what is the result?
Even after the warning, many carried money there,after all this money could go to invest in more worthy projects.

[aioc]

~snip

This is unthinkable. Almost 100% of people's investments are simply lost. The funny thing is that people were warned in advance about this scam, and what is the result?
Even after the warning, many carried money there,after all this money could go to invest in more worthy projects.

It could have been good if they got good developers, and people that are dedicated to the Muslim principles, I participated in the early rounds of the campaign and stopped when they are exposed, it really hurts when they cut the bounty allocation by 80%, this made me realize to move out of ICO bounty and shifted to gambling campaign, which pays better.

[Coinfan]

All investors had a very early warning from JollyGood. He was even criticized for calling them scammers since the beginning.

Sometimes, being right too soon is a pain.

Anyone has any doubt to which value the token is going to go?