Yep, by extension it now means "hatred", in certain contexts. I'm aware of it, but on the other hand I like the alchemical connections of the name.
BTW, I view this project as a tool that anyone could use to publish content in a distributed way. There arw no political or social intentions behind it.
You still might want to rename it.
Something that allows users to post anonymously, circumvents moderation and takedown requests, and is called vitriol will make a lot of people think it is designed to promote hate speech.