For anyone still having this issue ( on windows ):
- Open task manager
- Go to processes and select the ADB.EXE
- Right-click on it and check the properties
- Most likely you will see a different path from where the adb.exe is running ( either HTC manager, Genymotion, etc )
- Kill the process
- Run ADB.exe from your android studio path ( in my case: C:\Users\%user%\AppData\Local\Android\sdk\platform-tools )
This solved the problem in my case.