Also, vericoin started with 26million coins. Now they have a extra 907k all from minting, do the math (i would say since it launched around 300k would be the max from minting, leaving a extra 600k minted from the hack)! You can clearly see there was a flaw in variable interest that allowed people to mint a 'insane' amount of coins extra per day.
If that's true then this is a theft and PNosker, EffectsToCause are scammers. Lets hear the facts from the developers.