- Luckio, a crypto gambling platform, reportedly pays influencers up to $500,000 per month for promotion.
- Critics claim Luckio’s system is not “provably fair” and lacks transparency in its code.
- Notable crypto influencers, including Ansem and FaZe Bank, have promoted Luckio, presenting it as an “on-chain” casino.
- Analysts allege Luckio’s code is not publicly verified, raising concerns about possible security risks.
- Connections between the teams of Luckio and Rollbit have emerged, with Rollbit previously accused of locking accounts and being linked to alleged scams.
Luckio, a crypto casino platform, is reportedly offering payments to cryptocurrency influencers of up to $500,000 per month to endorse its services. The platform, which promotes itself as an “on-chain” gambling solution, has drawn heavy criticism online for its lack of transparency and verification.
According to an analysis by Selvlabs founder Foobar, Luckio’s system is “not provably fair — or provably anything.” Other crypto commentators, including Cobie, have confirmed that $500,000 is currently the maximum monthly offer Luckio presents to top influencers.
Several influencers, such as Ansem, FaZe Bank, and Sol Jakey, have accepted high-value sponsorships and publicly promoted Luckio, suggesting the casino’s blockchain-based operations could “displace the gambling industry.” However, Foobar alleges that Luckio’s claims about using blockchain technology are unsubstantiated, stating, “Nobody has any idea what’s being run on-chain.” He also points out that Luckio’s code is neither immutable (cannot be changed) nor open to public verification.
Foobar further criticized Luckio’s code audit process, describing it as a “huge red flag” because the team distributes audit results through private email rather than posting them on a public platform such as GitHub. He explained, “This invalidates the entire audit, since nobody has any clue what was audited!”
Cobie claims the team behind Luckio is the same group that operated Rollbit, another crypto casino. Foobar described Rollbit as “notorious for stealing people’s money” by freezing accounts and delaying withdrawals. In an unrelated investigation, courts in Ukraine have linked Rollbit crypto wallets to an alleged investment scam, with accounts reportedly handling millions of dollars in assets from involved individuals.
Less significant details in the discussion included online debates about whether high promotional fees justify the risks, with one user stating, “I will post whatever you want for 500k a month.” Recent developments in crypto gambling regulations were also noted, including Twitch’s decision to ban gambling livestreams after a $200,000 scam.
For continued updates, observers are encouraged to follow discussions on platforms like X and related news outlets.
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