Adhor
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.
Defunct Estonian network in apparent exit scam — documented non-payment of 2024 commissions and team ghosting; do not work with.
Overview
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.
Program Highlights
- Operational Status: Currently defunct; the network has permanently ceased all operations, and the tracking infrastructure is offline.
- Core Verticals: Previously specialized in CPI/CPA models for mobile app installs, gaming, nutra, and dating.
- Technical Stack: Formerly utilized the Affise SaaS platform for real-time tracking, S2S postbacks, and API integrations.
- Payment History: Highly negative; widespread reports of withheld commissions and management "ghosting" surfaced in 2025, confirming significant payment defaults.
- Sub-Affiliate: 5% commission on the earnings of referred affiliates.
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.
Terms
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