Error "Cannot read property 'toChecksumAddress' of undefined" when calling Project#createProxy

[spalladino]

Originally reported here.

contract = await project.createProxy(MyContract, {
      initMethod: 'initialize',
      initArgs: [
        owner,
        address_a,
        address_b,
        address_c,
        address_d
      ]
    });

 TypeError: Cannot read property 'toChecksumAddress' of undefined
  at Object.toAddress (node_modules/zos-lib/src/utils/Addresses.ts:12:21)
  at new ProxyAdmin (node_modules/zos-lib/src/proxy/ProxyAdmin.ts:39:20)
  at Function.<anonymous> (node_modules/zos-lib/src/proxy/ProxyAdmin.ts:34:12)
  at Generator.next (<anonymous>)
  at fulfilled (node_modules/zos-lib/lib/proxy/ProxyAdmin.js:4:58)
  at process._tickCallback (internal/process/next_tick.js:68:7)

[spalladino]

Hey @chentschel, this looks like an issue when importing web3-utils. Could you confirm which version of the web3 library you have installed?