Exposed Solana’s casino Luck.io is shutting down, urges players to withdraw funds ASAP

Luck.io, the non-custodial casino on Solana, announced the platform’s closure on April 24, 2026. According to the X account, the platform is expected to close as soon as possible. The message urged all users to withdraw their balances from the Smart Vaults without delay.

In addition, the withdrawal process can be initiated either through the luck.io website or the Vault Withdrawal Tool by Proov Protocol at proov.network/withdraw.html. Developers have acknowledged that the idea has proven successful and hoped that the technology would find a new application. No definitive shutdown date was disclosed.

Luck.io’s rapid rise and fall

Luck.io started its operations in 2025 and was introduced as an account-less and custodian-free betting site. Smart contracts were used to ensure immediate on-chain settlements of all bets, while the slots offered by the company were declared to be provably fair through the use of Proov Protocol.

There was no need to perform KYC. Players simply logged in using their wallets and bet right away. According to reports, Luck.io had made more than $65 million worth of bets within just one month.

Luck.io betting platform wins and Bankroll. Source: Luck.io

In June 2025, the crypto influencer Cobie revealed that Luck.io was paying top accounts up to $500,000 per month to promote the site. This revelation attracted instant criticism. The platform was questioned regarding its “provably fair” promises.

The random number generator did not use on-chain verification; instead, it relied on an off-chain VRF. Concerns were raised about multisig management and the potential for manipulating outcomes.

The Trustpilot ratings stood at 2.3 out of 5. Users complained about having winning streaks only to suffer losing streaks after, along with shadow banning and rate-limited deposits.

Luck.io ties to Rollbit and industry criticism

According to Cobie, the development team behind Luck.io is connected to Rollbit. This is a company that was once the leader in crypto casinos, but it became the target of complaints due to its unfair operations. The platform’s developers eventually admitted their connection to Rollbit, stating that “the platform was developed collaboratively by several investors who have a lot of gambling experience, such as Rollbit.”

This made the community highly skeptical. Doubts were raised about the possibility that money spent here may be sustainable, and if anything is being hidden behind this expenditure.

Open criticism was raised by a pseudonymous person, Foobar, a former machine learning researcher at Google, about the algorithm’s design:

1. The random number generator supposedly operated using a multi-signature wallet, enabling the possibility of re-generation of the outcomes off-chain.
2. Such a method was not considered a genuine on-chain VRF algorithm by Foobar.

Luck.io defended itself by stating that it was a “coordinated attack from our competitors.” The developers explained the technical details of the system, offered a multi-million-dollar bug bounty, and stressed on-chain verification of wagers, seeds, and payouts.

Player concerns rise over reloads, rakeback, and safe exits

The community reaction consists of frustration, anger, mixed with urgency. Among the comments under the shutdown post, many referred to unfinished rakeback rewards, gems, and reload amounts. Some players were on the verge of completing wagers that would reward them with bonuses, but were afraid that they would lose before receiving their prizes fully.

Traders question Luck.io’s shutdown. Source: X

The casino has assured that funds can be withdrawn via the Proov contracts even if the website goes down. A guide on using tools locally was also provided.

Competitors such as YEET and other sites made immediate transfer offers and VIP offers for moving players. Overall, gambling site experts described it as an example of fast development and poor foundation. No information on hacking and insolvency became apparent. For now, the message is clear—withdraw funds without delay.

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