A 10 min cooldown is absurd. I understand fixing an exploit but if people want to simply farm lost sector chests by actually completing the objective; why stop them for 10 min at a time.
Most lost sectors can be rushed through in under a minute, at most you should have the cooldown at 1 minute until you can open the chest. That way if players want to grind for 500 tokens it takes them a little over 8 hours not over 150 hours.
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Looks like quitting the game restarts the timer. After completing 2 lost sectors you can exit to desktop. Fire the game back up and do 2 more lost sectors. Rinse and repeat.. Better hurry before they 'fix' this too.
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I doubt that resets the timer as it takes about 10 minutes to get back in game after exiting. I'm not even sure if I'm being sarcastic to be honest.