Solana Casino Luck.io service terminated… requesting users to withdraw funds

Based on the Solana (SOL) blockchain, the on-chain casino Luck.io announced it will cease operations. The operating team notified users to “withdraw funds” and urged prompt withdrawals.

The project emphasized its previous growth momentum in its termination statement, self-assessing as “conceptually feasible,” and claimed its technology could find a new home “in the near future.” However, no specific acquisition or transfer plans were proposed.

Monthly marketing expenses as high as $500k for influencer promotion… Unsustainable in a bear market

Luck.io drew industry attention in 2025 due to its aggressive influencer marketing strategy. According to DL News in June 2025, Luck.io paid major crypto influencers up to $500k per month (approximately 738.45 million Korean won, based on 1 USD = 1476.90 KRW) in promotional costs.

At that time, sponsors included Ansem, FaZe Banks, Sol Jakey, among others, who promoted the platform to millions of followers. But analysts pointed out that as the cryptocurrency market remained sluggish over the past few months, maintaining such fixed marketing costs became increasingly difficult.

Although claiming “on-chain fairness”… code verification sparked controversy

Luck.io once marketed itself with the slogan “users always control their funds, all games guarantee ‘verifiable fairness’.” Before service termination, its official website showed a total betting amount of $1.2 billion and 286 million bets.

However, its promises also attracted controversy. Selvlabs founder Foobar publicly criticized Luck.io’s code as neither “immutable” nor publicly verifiable. Additionally, some questioned whether audits were conducted via email rather than through public repositories like GitHub.

Concerns over trust due to Rollbit association… Warnings for Solana-based casinos

Another influencer, Cobie, raised doubts, stating that Luck.io’s operational team overlaps with the centralized casino Rollbit. He also mentioned that the trading price of Rollbit’s token RLB had fallen 75% from its peak in November 2023.

Luck.io did not highlight this connection in early media promotions but later acknowledged in replies to posts on X (formerly Twitter) that some sponsors had “shared experiences” with Rollbit. Industry observers believe that, considering Rollbit’s revenue once exceeded $3 million daily in February 2025 but then plummeted 90% over the following four months until June, doubts about Luck.io’s sustainability have grown.

Article summary by TokenPost.ai

🔎 Market analysis - Luck.io, a Solana-based on-chain casino, announced service termination and urged users to withdraw immediately - Despite showing strong growth indicators (total bets of $1.2 billion, 286 million transactions), its fixed expenditure structure faces limits in a bear market - Narratives like “on-chain verifiable fairness” have shifted to trust risks due to actual code/audit transparency controversies 💡 Strategic points - When issuing withdrawal notices: confirm wallet/account access paths only through official channels (official website/X announcements), consider withdrawal deadlines, fees, and network congestion, and withdraw quickly - Verify “verifiable fairness” claims: check if code is public, whether immutability (upgrade permissions) exists, and if audit reports are available in public repositories (like GitHub) - Be cautious of influencer marketing models: monthly promotional costs of several hundred thousand dollars may become unsustainable in a bear market, increasing service interruption risks - Confirm operational entities/associations: overlapping personnel with centralized casinos (e.g., Rollbit), and the transparency of sponsorships/partnerships directly impact credibility 📘 Terminology explanations - On-chain(: Activities like transactions and bets recorded on the blockchain structure - Verifiable Fairness): The concept where random number/result generation processes are made public to users, allowing them to verify whether results have been manipulated - Immutability(: The characteristic that deployed smart contracts cannot be arbitrarily changed (though with upgrade keys/permissions, they can be modified) - Bear market): A market phase characterized by overall decline and low risk asset investment sentiment - Influencer marketing: Using well-known accounts/creators to promote services or tokens to the public

💡 Frequently Asked Questions (FAQ)

Q: Why did Luck.io announce the termination of service, and what should users do first? Luck.io has officially announced the shutdown and advised users to withdraw funds promptly. Background analysis indicates that in a bear market environment, fixed costs like $500k monthly influencer marketing weaken sustainability. Users should confirm withdrawal procedures via official channels (official website/X announcements) and transfer funds to their personal wallets as soon as possible. Q: Is it absolutely safe and transparent if it’s “on-chain” and claims “verifiable fairness”? On-chain only means records of activities like transactions and bets are stored on the blockchain, but this does not equate to the code being public or verifiable by anyone. In fact, Luck.io faced controversy over code immutability (possibility of arbitrary modifications), lack of transparency in verifiability, and whether audits were conducted via public repositories rather than email. Beginners should check whether the code is public, whether there are upgrade permissions (admin keys), and whether audit reports are publicly available (e.g., GitHub), separating “claims” from “implementation.” Q: Why is the association with Rollbit important? What risks does it imply? Cobie raised doubts that Luck.io’s team overlaps with the centralized casino Rollbit, which Luck.io later admitted to having “shared experience” sponsors. Such association controversies raise questions about the transparency of operational entities, damaging trust. When linked to poor performance (e.g., Rollbit’s revenue dropping sharply), doubts about the sustainability of services like Luck.io also increase. In other words, regardless of whether they claim “on-chain,” the transparency of operational structures and interests is the core risk.

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