Topic: Adab Solutions Haraam Exchange - Claiming to Be Religious But It Is A Scam (Read 661 times)

The project is a complete joke. They claim to be launching their exchange in 9 days.... let us see what happens 

Adab Solutions are scammers.

Their whole business is based on lies and their intent to fool people by misusing religion is disgraceful.

They cannot be religious because they said they are happy to accept funding from the following:

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 Muslims and those that have anti-Muslim agenda
those that own, transport or sells alcohol
those that own breweries and manufacture alcohol

Yes it was a massive scam and sadly it continues to run.

By the time these scammers make their exit strategy and leave investors empty handed they might run-off with millions of USD$ more.

I'm not surprised by all the effort they have on their campaign.

Nor I'm surprised with all the hate they have for you, JollyGood, for denouncing their abusive claims about being sharia compliant.

According to this site https://steemit.com/exchange/@wasif11/adab-solutions-review they made more than 4 million on their almost endless pre-sale.

And by refusing to pay the promised bounty to any customer who won't accept to send them their personal documents, they just increased the odds of avoiding a initial crash of their token price, at the expenses of the users that had the right to receive tokens but ended up with nothing.

It is that pretext that lay behind part of the fraud. They announced the need for KYC for bounty participants after 8 months of them promoting this scam Adab Solution. It was an excuse to just not pay the genuine bounty hunters and only "pay" their own sock-puppet scam accounts so they could justify to others that they are genuine 

I think it is clear these scammers have no idea about business or religion or ethics but they only know they want to get rich quick.

Whatever their reason, 9 months of ICO is not what a normal project would do. Smart man knew they were scam from the start but just look the other way.  Bounty hunters promoted the project for a long time but end up not getting pain in the end. I know the feeling because I myself have been a scam to which I thought the team was very much capable. Only to discover they also left.

If anyone is interested, then I found a person who worked closely with this scam project.
And he is still not taged and not banned, as he has strong support in the Ru local.
 

If you are interested, the whole topic can be read here: Total corruption in Russian local [DT involved!]

We all know that asking for personal documents is one of the favorite pretexts for exchanges to keep customers money or to avoid to fulfill their financial duties to customers, like paying bounties.

When an exchange does that against their FAQ/TOS or decides to change the rules in the middle of the game, like this Adab solutions, and decide to ask for personal documents when they no longer need the support of customers and the time to pay them arrived, everything is very clear. Words for what?

It's no coincidence that this Reviewer of ICOs gave two stars out of five to Adab Solutions:
https://tokensales.com/icos/adab-solutions

Adab Solution = MAJOR scam !!




All the genuine but gullible bounty hunters received nothing because they did not want to send their KYC to the scammer Adab Solution team.

They only "bounty" that was released was the bounty that went to the sock-puppet bounty accounts that were used to pump threads  

These scammers started a new scam asking bounty hunters for KYC before releasing their bounty. For 9 months bounty hunters promoted this Adab Solutions pathetic projectand they were told no KYC would be required but now these scammers are looking for every excuse in the book to avoid paying bounties.

They are not religious, they are a bunch of low-life scammers that will steal as much as they can from their investors before making their exit

Now they will start selling even more useless and pathetic ADAB tokens on their trashy website  

How can any project that accepts money for funding from prostitutes, pimps, drug dealers and all sorts of people earning money from all sorts of illegal and immoral funds call themselves religious?

The super-scammers are trying to highlight that in their opinion IDAX exchange is somehow incompatible with religious finance they will not use them but these fools should have investigated before wasting investors time in the first place.



ADAB SOLUTIONS ARE SUPER-SCAMMERS

Here's the latest update about Adab pin post on their telegram channel are they changing their stance now and they are now implementing Islamic rules, this is one of the longest crowdfunding I've seen.

These super-scammers have made a lot of money out of gullible investors and by scamming bounty participants that never knew they were working for scammers.

I stopped browsing their Telegram when I asked their paid employee questions about this scam and they refused to answer or gave lies in response.

Every scam exchange knows that demanding a KYC, as exhaustive as possible, is the best excuse to pocket a lot of money. Only crazy people will trust their documents to people like these, so it's free money from the sky.

And to the naive who actually send the documents, nothing like demanding more: different personal documents, picture holding the documents, notarized copy of documents, etc, etc. Keep asking for more documents until the user gives up.

If necessary, they can always write that they were just being "compliant with the demands of KYC". Little people know when KYC should apply or not, so what can go wrong?

This has got to be the longest ICO and bounty campaign I've seen if I remember I participated on their campaign back August and left after they were exposed, they are still at it again extending their ICO and their bounty hunters, I'm on their telegram and lurking and there's too many complaints about their bounty everything's wrong on this project.

We all a duty in the community to help each other otherwise the scammers will have an easy time scamming gullible investors and newbies.







We always knew the super scammers at Adab Solution the Haraam exhcange would definitely scam investors and bounty participants.

Now these super scammers are asking bounty hunters for KYC when it was never mentioned in the beginning when they started promoting this Adab Solutions trash 12 months ago

Who knows how much was raised, the point is they had a 9 month ICO and now are having rounds upon rounds of IEOs at 3 exchanges. They claim to have raised $6.5 million  

The Uzbek/Kazakh scammer owners from Adab Solutions Haraam Exchange have been raising and seeking funds for nearly a year yet they have an off the shelf MVP pathetic exchange demo and apart from photoshop pictures promoting their scam they do not have anything else to show for it.

The moment they stated they will be happy to accept funding from prostitutes, pimps, drug dealers and criminals with earnings from all sorts of immoral and illegal sources, they exposed themselves as fake religious people.

They are petty criminals preying on vulnerable and gullible people by fooling them in to thinking they are funding a religious project when they are doing nothing of the sort.

 

I was not thinking about search engine optimisation at all but thinking about protecting users in this forum. Since you brought it up I will change my posts to Adab Solutions Haraam Exchange and maybe modify it later after a think-through

Thank you Coinfan

You managed to post one thread about this on the first results of Google. They won't go far. Of course, being banned from bitcointalk isn't helping them with their "project" either.

But by including the haraam on the tittle between the Adab and exchange you limit the results on this thread. No one searches by Adab Haraam Exchange.

Why not also add the address or name of the exchange to the tittle in order to make clear who they are and get this thread visible when someone searches for adab solutions?

Yes it was a massive 9 month long scam for both the ICO and bounty campaign.

Their scam ICO and bounty campaign was supposed to run for 12 months but when the Kazakh/Uzbek owner scammers of Adab Haraam exchange learned of the new possibilities regarding IEOs they got super greedy and decided to pull the plug on the bounty and ICO then put all their eggs in THREE IEOs to maximise their scam.

They claim they raised $6.75 million but they will not pay legitimate bounty participants nothing. They also used their own multi-user fake accounts to pump their threads and post as fake bounty participants so it is clear that some of those fake accounts they own will post in the coming days claiming they received their bounty but it will be a lie just to say to the legitimate bounty participants that they failed the KYC.




ADAB HARAAM EXCHANGE = MAJOR SCAM

Honestly, I owe a friend an apology for referring to their bounty campaign and was too late to get out, he already made two months of the campaign here, and it will be a total waste of effort because he does not want to do a KYC to claim, well another one bites the dust, let's see more of this in the coming weeks.

I am glad you have been keeping an eye on this. I remember reading a post recently in their censored thread where a bounty participant asked them about estimated bounty payout date. The response given was enough to show me that they would not pay bounty.



This is the post:






To be continued indeed  

I was reading through the Telegram chat for bounty hunters. At first the answer to "is KYC needed" was "no", then they changed it to "I don't know," then changed to "maybe," then at the last minute after everything was over it was changed to "yes." So they wanted as many accounts advertising the project as possible, but when it comes time to pay they conveniently change their rules in order to not have to pay for it. They did say they could change their rules at any time, and I would never work for such a project, but it still seems not fair to bounty hunters and indicative of scammer behavior.

I understand they don't want multiple account holders but why allow them to participate in the first place, other than the free advertising?

We'll have to wait and see what happens on the 25th.

I'm on there telegram bounty channel and the bad news to all their bounty hunter is, they are going from no KYC to KYC like all the other scam projects are doing, it's a very long campaign and OP has done a great job never giving us an update, it's a scam project that refuses to die, and that's very suprising.

Bookmarked for future popcorn eating.

I've been following this saga for a number of months now so it will be interesting to see how it plays out.

Will the campaign reimburse all of their participants for their 9 months of bounty participation?

Is the whole thing a giant scam??

To be continued...

So these scammers claim they raised $6.75 million?

These scammers ended their 9 month bounty campaign on 31st March 2019 and have not paid anything to any bounty participant.

They claim to be religious but are happy to accept funding from all sorts of criminals with earnings from all sorts of illegal and immoral sources.

When they saw they could make money out of the new IEO craze 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

The OP of that scam thread "whitetoo" has been permanently banned. It was just one of so many fake sock-puppet account used by Russian/Ukrainian bounty scammers.

Their game is to pump threads to create fake hype and fake buzz just to draw in newbies or gullible investors.

There is nothing religious about that ICO or that $5 mvp exchange. The people behind the scam claim to be religious but reading their posts, their profanities and their abuse along with their fake sock-puppets to scam investors shows they are definitely not religious.

An attempt to control free market through religious beliefs is always a bad idea. This whole topic looks ridiculous to me, but I'm not a religious person, so what would I know, right? On one side we have a group of people who say that their exchange is compliant with religious laws made in times when there were no computers, Internet, or cryptocurrencies. On the other hand we have people who claim they can't be following these laws because they don't belong to a certain branch of their religion.

Makes me wonder why nobody has thought of a Christian exchange, where the employees start a day with a prayer and there's a priest present on the premises, who sprinkles holy water on the keyboards and preys for the safety of stored Bitcoins.

A crypto exchange claiming to be Shariah compliant is as fake as a bank accepting deposits with bags full of cash claiming the same.

An exchange won't be able to real control the source of the money if it accepts crypto deposits, unless the customers just deposited a few bucks and made a fortune trading on the exchange.

The Adab Solutions Haraam exchange is claiming to be a religious product (by their own admission a Shariah compliant exchange) but they have made it clear with their own posts they are not Shariah compliant.

They have refused to answer the questions put forward to them in Telegram by several users here so the TG admins ban them but here the Adab Solutions Haraam exchange scammers cannot censor.

They have a tactic which is to flood the ICO thread with multiple users to drown out the posts of those who ask questions that these scammers find difficult or impossible to answer.

By their own admission they will not vet the sources of income of those participating in the ICO therefore it might include investment from alcohol manufacturing, drug dealing and prostitution therefore by default it cannot be Shariah compliant and cannot be a religious product.

I have asked a series of questions which they fail to answer. others have asked questions and have also remained unanswered. As soon as a question is asked the multiple aliases come in and make enough posts to start a new page in the thread or at least try to.

Adab Solutions Haraam exchange is run by a group of people that are not following any set rules of religion, they are non-denominational Muslims so cannot follow Shariah and therefore cannot preach it to others when they do not know what it is.

The team behind this project consist of a trio from Kazakhstan with no real associated background in either business or religion but are hijacking the "religious" aspect of it trying to entice a whole Shariah following community to back it.

The Adab Solutions Haraam exchange are in actual fact scammers, opportunistic thieves trying to fool people in to sending their money to them by deceit.

The thread that was started in order to try to ban me was NOT flooded by the multiple aliases because the admins would see it and know it was one person making all those posts using 20+ user names to make multiple posts but they will continue to flood their Adab Solutions Haraam exchange thread with multiple users praising Adab Solutions Haraam exchange in the hope to suck in newbies and gullible investors.

I hope all investors of any faith or no faith will stay away from these scammers.

They tried to get me banned but instead they suffer further humiliation as they get more and more exposed for being the scamming thieves they are:
https://bitcointalksearch.org/topic/m.47045915