Cryptocurrency platform Digital Surge will pay out smaller account holders and aims to trade its way back into the black under a rescue plan.
At an online meeting lasting more than three hours, "mum and dad" investors grilled experts before voting for the bailout that will help some of those caught short by the sudden collapse.
Brisbane-based Digital Surge was one of the dominoes to fall amid the bankruptcy of international crypto exchange FTX, and will be a rare survivor of the saga.
Creditors on Tuesday backed the plan drafted by administrators KordaMentha, who said it made more sense to restructure than wind up the firm.
The recapitalisation offer from major creditor Digico and the Digital Surge directors will result in customers with an account balance below $250 being paid out in full and will allow the company to continue to operate.
But those with larger account balances - almost half (45 per cent) of customer creditors - will receive their distribution over the next five years, depending on the company making a net profit on a quarterly basis.
The platform and its deep trading links with FTX had allowed more than 30,000 Digital Surge customers to trade 300 different cryptocurrencies.
But less than half of the $65 million in assets under management have been retrieved.
Administrators found the financial difficulties solely appeared to be the result of $33 million becoming unrecoverable due to the FTX collapse, and not any breach of duties by directors.
However, an employee withdrawal of $1.6 million in November "may warrant further investigation", administrators have said.
A claim for the account holders' millions that Digital had on the FTX exchange has been lodged with United States lawyers.
But it could take years for those proceedings to conclude, administrators have warned.
Some $29.7 million in digital assets was safely moved to a custodian and insured, a meeting was told earlier this month.
Administrators also control $4.5 million in cash and no digital assets have been converted to cash so far.
Digital is owned by company directors Daniel Ritter (38.8 per cent) and Joshua Lehman (48.5 per cent), and two other shareholders Jozef Knaperek (9.7 per cent) and QUT Bluebox Pty Ltd (3 per cent).
