QuadrigaCX, a crypto exchange that went bankrupt, to commence interim distribution of funds.

Despite their best efforts, bankruptcy trustees have only managed to recover a fraction of the $160 million owed to creditors. Here are some important points to consider:

1. Bankruptcy trustees have been working tirelessly to recover the money owed to creditors, but they have only been able to recover a small portion of the total debt.

2. The reason for this is that many of the companies that owe money are either bankrupt or have very little assets left to sell. This means that there is very little that can be done to recover the money owed.

3. Despite the challenges, bankruptcy trustees are continuing to work hard to recover as much money as possible for creditors. They are exploring all possible options, including legal action and asset recovery, to try and get as much money back as possible.

In summary, despite their best efforts, bankruptcy trustees have only been able to recover a small fraction of the $160 million owed to creditors. This is due to the fact that many of the companies that owe money are bankrupt or have very little assets left. However, bankruptcy trustees are continuing to work hard to recover as much money as possible for creditors.