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My question to you is quite simple - would you take similar if not the same precautions to protect what you have worked hard for?
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You can consult with your hosting provider to tighten your server security, change all your server passwords (ftp, root, mysql, vbulletin etc. etc.)
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Or am I over-reacting to a situation that would be considered commonplace and no need for concern.
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Personally i should say you are little over-reacting on the situation.
For an example.... if would say, "I am going to hack Vbulletin.org if I am not made an administrator here... or not given access to Coders Forum will Xenon care for it ? 
lol...
Why not check this forum
www.theadminzone.com a great resource for forum administrators you will come across similar problems faced by others