Post
Topic
Board Bitcoin Discussion
Re: ATTENTION: Any exchange right now can act like a bank
by
Jered Kenna (TradeHill)
on 04/07/2011, 03:14:00 UTC

This is trivially done.  Check the total of BTC in the DB and compare it to the exchanges BTC wallet(s). Perhaps before each withdrawal.
It's most likely the exchanges have many such checks already in their code.

Exactly, it's simple to compare how many BTC are actually there to how many should be.
If any of the other exchanges aren't doing that I'll be surprised and disappointed.
-Jered