That doesn't sound right, in 402pl1 you should see a choice of 4 options, one of which is Q&A Verification. You may need to go to vb.com and look around about adminCP being out of whack.
50 inactive registrations in 10 days doesn't necessarily mean they're all bots. But if all you have is image verification then it's likely they're automated bots. Sometimes you can tell by the emails or the names.
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