This is true if you intend on running an exchange properly and not being a highway robber posing as a travelling dentist.
1. Open an exchange. 2. Collect real money in exchange for fake money. 3. "Get hacked" losing all the fake money and keeping all the real money.
sounds extremely suspicious.
In retrospect, it was a horrible decision not to research these transactions in depth as they happened, but the Excoin team was fighting a "bigger" fire at the time with the DDoS.