diff --git a/legacy_packages/wallets/package.json b/legacy_packages/wallets/package.json
index 0571219ffa5..1bb19f1aa4e 100644
--- a/legacy_packages/wallets/package.json
+++ b/legacy_packages/wallets/package.json
@@ -551,7 +551,7 @@
     "eventemitter3": "^5.0.1",
     "key-encoder": "2.0.3",
     "magic-sdk": "^13.6.2",
-    "web3-core": "1.5.2"
+    "web3-core": "4.0.1"
   },
   "peerDependencies": {
     "@aws-sdk/client-secrets-manager": "^3.256.0",