diff --git a/package.json b/package.json
index 282899ec..a583b7f1 100644
--- a/package.json
+++ b/package.json
@@ -30,7 +30,7 @@
   "dependencies": {
     "@metamask/eth-json-rpc-provider": "^1.0.0",
     "@metamask/eth-sig-util": "^6.0.0",
-    "@metamask/utils": "^5.0.1",
+    "@metamask/utils": "^8.1.0",
     "clone": "^2.1.1",
     "eth-block-tracker": "^7.0.1",
     "eth-rpc-errors": "^4.0.3",
diff --git a/yarn.lock b/yarn.lock
index 27f1d2ef..95924731 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -974,7 +974,7 @@ __metadata:
     "@metamask/eslint-config-typescript": ^12.1.0
     "@metamask/eth-json-rpc-provider": ^1.0.0
     "@metamask/eth-sig-util": ^6.0.0
-    "@metamask/utils": ^5.0.1
+    "@metamask/utils": ^8.1.0
     "@types/btoa": ^1.2.3
     "@types/clone": ^2.1.0
     "@types/jest": ^27.4.1
@@ -1057,6 +1057,20 @@ __metadata:
   languageName: node
   linkType: hard
 
+"@metamask/utils@npm:^8.1.0":
+  version: 8.1.0
+  resolution: "@metamask/utils@npm:8.1.0"
+  dependencies:
+    "@ethereumjs/tx": ^4.1.2
+    "@noble/hashes": ^1.3.1
+    "@types/debug": ^4.1.7
+    debug: ^4.3.4
+    semver: ^7.5.4
+    superstruct: ^1.0.3
+  checksum: 4cbee36d0c227f3e528930e83f75a0c6b71b55b332c3e162f0e87f3dd86ae017d0b20405d76ea054ab99e4d924d3d9b8b896ed12a12aae57b090350e5a625999
+  languageName: node
+  linkType: hard
+
 "@noble/curves@npm:1.0.0, @noble/curves@npm:~1.0.0":
   version: 1.0.0
   resolution: "@noble/curves@npm:1.0.0"
@@ -1073,6 +1087,13 @@ __metadata:
   languageName: node
   linkType: hard
 
+"@noble/hashes@npm:^1.3.1":
+  version: 1.3.2
+  resolution: "@noble/hashes@npm:1.3.2"
+  checksum: fe23536b436539d13f90e4b9be843cc63b1b17666a07634a2b1259dded6f490be3d050249e6af98076ea8f2ea0d56f578773c2197f2aa0eeaa5fba5bc18ba474
+  languageName: node
+  linkType: hard
+
 "@nodelib/fs.scandir@npm:2.1.5":
   version: 2.1.5
   resolution: "@nodelib/fs.scandir@npm:2.1.5"
@@ -5804,7 +5825,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"semver@npm:7.x, semver@npm:^7.0.0, semver@npm:^7.3.2, semver@npm:^7.3.5, semver@npm:^7.3.7, semver@npm:^7.3.8":
+"semver@npm:7.x, semver@npm:^7.0.0, semver@npm:^7.3.2, semver@npm:^7.3.5, semver@npm:^7.3.7, semver@npm:^7.3.8, semver@npm:^7.5.4":
   version: 7.5.4
   resolution: "semver@npm:7.5.4"
   dependencies: