No, that was the second time it got lost - from behind the smaller boat. Always easy to judge from here, but the eye bolt looked about 70% wasted from corrosion where it broke, go figure. And the eye was about worn through from the metal carabiner they used to attach the line, anyway. That whole operation was doomed before long; they got lucky it happened in broad daylight and such relatively benign conditions. And can you say, "longer tow line?" Ease the loads a little and it may have lived another few days.
In fairness, he was trying to lengthen the tow when he lost...the end....of the line. Won't let that happen again, one would hope.
The rope through the hull was the obvious answer in the short term, but I give that about a day before it chafes through.
Ahh, now that I've joined in the bashing for a moment, let the gods be kind to me next time I leave the dock. It's all obvious from here.