How I accidentally hacked the igot exchange
I agonized a bit about if should post this, igot responded and acknowledged the problem but unfortunately they don't see it as a major issue at the moment saying "Since this is a small amount, this is not going to be investigated on priority."
My mind goes to MtGOX and Moolah though, both are recent examples of an exchange giving out more funds than the client had available (if we believe the official stories) and I think how things could have been different if the person that discovered a flaw in the exchange had, instead of doing what he/she did, informed the exchanges of the problem so the issue could be fixed.
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