IllegalArgumentException: Unable to locate adb in Android Studio v2.3

On my system Avast Antivirus kept quarantining ‘adb.exe’, so the file would effectively disappear. Once I suspected that, it was simply (in Avast):

Protection > Virus Chest > [three dot menu by the file] > Restore and add exception

If I would change a folder name, or re-install, I would have to do it again, but at least I knew where to look.

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