Crypto casino Luckio under fire for shady code, $500K influencer deals

However, Foobar claims Luckio’s on-chain claims are false, and that when assessing its code, he found it’s neither immutable nor verified.

“Nobody has any idea what’s being run on-chain,” he said.

Foobar also argued that Luckio’s code audit is a “huge red flag,” since it uses a private email system instead of sharing it publicly on GitHub like “99%” of code audits.

He said, “The Luckio team appears to not know or not care to use decades-old best practice, instead emailing around .zip files holding who-knows-what.

“This invalidates the entire audit, since nobody has any clue what was audited!”

Overall, Foobar feels that “[Luckio] are obviously planning to take your money in one way or another, and feel extremely confident in their abilities to do so if they’re making this upfront KOL investment.”