Yup! I don't think it was rehypothecation though. The Prime Trust dumbasses fucked up their wallets. I think they were sending BTC to wallets that they no longer had the keys to but didnt know it.
After all Corey's shit talking about doing things right and shitting on everybody else, when Prime Trust blew and he had his ass in the wind, that's when I started really disliking that fucking jagoff.