
FORENSIC RISK — corporate exit scam. ADHORNET OU (Estonia) financial collapse: sales €211,961 (2023) -> €94,374 (2024) -> €16,401 (2025) -> €0 projected (2026); zero employees/labor taxes; website permanently offline. Verified affiliates report unpaid 2024 commissions, withheld balances, and complete management ghosting (manager Vadim/team) in mid-2025. Unlicensed; no recoverable T&C protections. cap_flag=f_fraud.
Editorial
Defunct Estonian network in apparent exit scam — documented non-payment of 2024 commissions and team ghosting; do not work with.
N/A
On request
CPA/CPI/CPR, per-offer / negotiated (rate private)
Monthly (Net-30, $100 min) — currently non-paying
On req.
On req.
N/A
On request
CPA/CPI/CPR, per-offer / negotiated (rate private)
Monthly (Net-30, $100 min) — currently non-paying
S2S On req. / API On req.
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Adhornet is no longer a viable partner for any affiliate marketing activities. The network’s history serves as a cautionary case study on the vulnerabilities of unfunded intermediary networks that rely on volatile advertiser payouts. Due to the complete liquidation of company assets, the disappearance of the management team, and documented payment defaults, publishers and media buyers should strictly avoid this entity for all future campaigns and prioritize established, transparent networks with proven financial stability.
Adhornet (ADHORNET OÜ) was an Estonian-registered performance marketing network that acted as an intermediary aggregator for various digital verticals, including mobile application installs, e-commerce, and iGaming. Founded in 2022 by a team of Ukrainian professionals, the company leveraged the Estonian e-Residency program to facilitate international digital arbitrage. During its peak in 2023, the network functioned as a bridge between global advertisers and a broad publisher base, managing an extensive inventory of nearly 5,000 offers through the Affise tracking platform.
However, the organization experienced a rapid financial and operational collapse by mid-2025. Following a significant decline in revenue—dropping from over €211,000 in 2023 to near-zero projections for 2026—the management team ceased communication and defaulted on outstanding publisher payments. As of 2026, the company is defunct, its official domain is offline, and all technical integrations are non-functional, leading to its classification as a high-risk entity and a suspected corporate exit scam.
Commission Type
CPA, CPI, CPR, Sub-affiliate (5%)
Commission Details
Sub-Affiliate 5%
Payout Frequency
Monthly (Net-30, $100 min) — currently non-paying
Min Payout
100 $
Founded
2022
Software
Affise
No reports filed against this program.
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No gambling license (grade ceiling B; downgraded to C on low confidence). iGaming is a secondary vertical only; RevShare %, NCO, bundling and cookie window undisclosed and must be negotiated with AM. Restricted traffic (Email/SMS/Celebrity/Clickunder/Popunder) requires prior AM approval or commission may be withheld.
N/A
On request
$3.00-$5.50 SOI (offer/GEO-specific; CPL SOI/DOI, CPA, CPS)
Monthly Net30 (weekly Net7 at >=$1,500/wk)
On req.
On req.
N/A
On request
$3.00-$5.50 SOI (offer/GEO-specific; CPL SOI/DOI, CPA, CPS)
Monthly Net30 (weekly Net7 at >=$1,500/wk)
S2S On req. / API On req.
Reputable Tier-1 dating CPA network with fast crypto payouts and clean track record, but unlicensed for gaming and thin on iGaming-specific terms.

N/A
On request
On request
Once a week
On req.
On req.
N/A
On request
On request
Once a week
S2S On req. / API On req.

N/A
On request
On request
—
On req.
On req.
N/A
On request
On request
—
S2S On req. / API On req.

Not a licensed gambling operator (grade ceiling B); intermediary broker carries pass-through default risk; isolated payment disputes reported early 2026; iGaming terms (RevShare/NCO/bundling/cookie) undisclosed.
N/A
On request
Campaign-dependent via AM (e.g. CPL SOI sweeps ~$2.40); 5% sub-affiliate
Weekly / Net-15 / Net-30 ($100 min)
On req.
On req.
N/A
On request
Campaign-dependent via AM (e.g. CPL SOI sweeps ~$2.40); 5% sub-affiliate
Weekly / Net-15 / Net-30 ($100 min)
S2S On req. / API On req.
Mid-sized multi-vertical CPA broker with strong Affise tracking, but no gambling license and undisclosed iGaming terms cap it at C.

N/A
On request
On request
Once a month
On req.
On req.
N/A
On request
On request
Once a month
S2S On req. / API On req.

No gambling license (grade ceiling B). Unilateral chargeback clause: network can retroactively reverse paid Qualified Actions. $50 vs $300 min-payout discrepancy between T&C and aggregators. Reputation/payment data only from third-party directories.
N/A
On request
Campaign-dependent CPA/CPI (e.g. up to $31.50 BetMGM Casino iOS)
Monthly (Net-30)
On req.
Yes
N/A
On request
Campaign-dependent CPA/CPI (e.g. up to $31.50 BetMGM Casino iOS)
Monthly (Net-30)
S2S On req. / API Yes
Stable US-registered CPA/CPI mobile-traffic aggregator with public rates, S2S and API, but no RevShare, no gambling license, and a broad retroactive chargeback clause.