diff --git a/package.json b/package.json
index f634b42..000cb04 100644
--- a/package.json
+++ b/package.json
@@ -24,7 +24,7 @@
   },
   "dependencies": {
     "@metamask/action-utils": "^1.0.0",
-    "@metamask/utils": "^5.0.2",
+    "@metamask/utils": "^8.1.0",
     "debug": "^4.3.4",
     "execa": "^5.1.1",
     "pony-cause": "^2.1.9",
diff --git a/yarn.lock b/yarn.lock
index 283d430..06fe4f5 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -982,7 +982,7 @@ __metadata:
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     "@metamask/eslint-config-nodejs": ^10.0.0
     "@metamask/eslint-config-typescript": ^10.0.0
-    "@metamask/utils": ^5.0.2
+    "@metamask/utils": ^8.1.0
     "@types/debug": ^4.1.7
     "@types/jest": ^29.5.1
     "@types/jest-when": ^3.5.2
@@ -1072,32 +1072,40 @@ __metadata:
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-  version: 5.0.2
-  resolution: "@metamask/utils@npm:5.0.2"
+"@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: ^7.3.8
+    semver: ^7.5.4
     superstruct: ^1.0.3
-  checksum: eca82e42911b2840deb4f32f0f215c5ffd14d22d68afbbe92d3180e920e509e310777b15eab29def3448f3535b66596ceb4c23666ec846adacc8e1bb093ff882
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-"@noble/curves@npm:1.0.0, @noble/curves@npm:~1.0.0":
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-  resolution: "@noble/curves@npm:1.0.0"
+"@noble/curves@npm:1.1.0, @noble/curves@npm:~1.1.0":
+  version: 1.1.0
+  resolution: "@noble/curves@npm:1.1.0"
   dependencies:
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+"@noble/hashes@npm:1.3.1":
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+  resolution: "@noble/hashes@npm:1.3.1"
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+  languageName: node
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+
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+  version: 1.3.2
+  resolution: "@noble/hashes@npm:1.3.2"
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@@ -1191,24 +1199,24 @@ __metadata:
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-  resolution: "@scure/bip32@npm:1.3.0"
+"@scure/bip32@npm:1.3.1":
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+  resolution: "@scure/bip32@npm:1.3.1"
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-  resolution: "@scure/bip39@npm:1.2.0"
+"@scure/bip39@npm:1.2.1":
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+  resolution: "@scure/bip39@npm:1.2.1"
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 "ethereum-cryptography@npm:^2.0.0":
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-  resolution: "ethereum-cryptography@npm:2.0.0"
+  version: 2.1.2
+  resolution: "ethereum-cryptography@npm:2.1.2"
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+    "@scure/bip32": 1.3.1
+    "@scure/bip39": 1.2.1
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-  resolution: "semver@npm:7.5.3"
+"semver@npm:7.x, semver@npm:^7.3.5, semver@npm:^7.3.7, semver@npm:^7.3.8, semver@npm:^7.5.0, semver@npm:^7.5.4":
+  version: 7.5.4
+  resolution: "semver@npm:7.5.4"
   dependencies:
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   bin:
     semver: bin/semver.js
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