Here is translated author's statement:

VLC is Open Source and I was irritated by how long they waits with their release - I've spent some nights on this and convinced Apple to approve it. And I succedeed. At first they returned it to me, because of violaton of copyright laws. I was expecting it, so I sent them links to MIT and GPL2 from VideoLAN webpage, where is stated, that you can use source code for whatever you want. Well, they approved it today.

Ok, at first, the app provider added advertisement to the app using Google AdSense to make a personal profit. Further, the license is not MIT but MPLv2 and GPLv2 which is intrinsically different - and we clearly don't say that you can use our code for whatever you want. Then, they don't provide the source code to their changes, which is required by either license. Those licenses are not being shown in the App Store. Finally, the App Store shows "© 2015 Voldzi" which means that you claim copyright for entire app, which they clearly don't have.

Believe it or not, I'm not an author of it... And I'm not approving it, just found it interesting, that Apple accepted it into App Store.

Using the code is fine, but the name is trademarked and should be enough to block it from the app store.