Looking at the source code now, I wonder if what went "wrong" is that someone successfully overwrote the early blockchain and "stole" Aquaman's intended premine. The source code clearly intended the first five blocks as the developer's premine:
if (nHeight < 5)
{
nSubsidy = 50000 * COIN;
}
return nSubsidy + nFees;
Given the low initial difficulty, someone with high initial hashing power, or some lead time on getting the source code, could have mined from block zero and grabbed those first 5 blocks.
Odd. I asked point-blank what the premine was and you can see the reply was 140 block for 200,000 coins. This tells me one of a couple things. OP Lied when asked the question, or didn't know. I'm not sure which is a bigger concern.
Not sure why anyone would be interesting in this in the least, but to each his own.