diff --git a/package-lock.json b/package-lock.json
index 5adcda5a4f..118bfb860c 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -5840,6 +5840,17 @@
         }
       }
     },
+    "node_modules/@noble/hashes": {
+      "version": "1.3.1",
+      "resolved": "https://registry.npmjs.org/@noble/hashes/-/hashes-1.3.1.tgz",
+      "integrity": "sha512-EbqwksQwz9xDRGfDST86whPBgM65E0OH/pCgqW0GBVzO22bNE+NuIbeTb714+IfSjU3aRk47EUvXIb5bTsenKA==",
+      "engines": {
+        "node": ">= 16"
+      },
+      "funding": {
+        "url": "https://paulmillr.com/funding/"
+      }
+    },
     "node_modules/@nodelib/fs.scandir": {
       "version": "2.1.5",
       "license": "MIT",
@@ -8852,19 +8863,13 @@
       "license": "MIT"
     },
     "node_modules/bip39": {
-      "version": "3.0.4",
-      "license": "ISC",
+      "version": "3.1.0",
+      "resolved": "https://registry.npmjs.org/bip39/-/bip39-3.1.0.tgz",
+      "integrity": "sha512-c9kiwdk45Do5GL0vJMe7tS95VjCii65mYAH7DfWl3uW8AVzXKQVUm64i3hzVybBDMp9r7j9iNxR85+ul8MdN/A==",
       "dependencies": {
-        "@types/node": "11.11.6",
-        "create-hash": "^1.1.0",
-        "pbkdf2": "^3.0.9",
-        "randombytes": "^2.0.1"
+        "@noble/hashes": "^1.2.0"
       }
     },
-    "node_modules/bip39/node_modules/@types/node": {
-      "version": "11.11.6",
-      "license": "MIT"
-    },
     "node_modules/bip66": {
       "version": "1.1.5",
       "license": "MIT",
@@ -19650,20 +19655,6 @@
         "node": ">=8"
       }
     },
-    "node_modules/pbkdf2": {
-      "version": "3.1.2",
-      "license": "MIT",
-      "dependencies": {
-        "create-hash": "^1.1.2",
-        "create-hmac": "^1.1.4",
-        "ripemd160": "^2.0.1",
-        "safe-buffer": "^5.0.1",
-        "sha.js": "^2.4.8"
-      },
-      "engines": {
-        "node": ">=0.12"
-      }
-    },
     "node_modules/pg": {
       "version": "8.9.0",
       "resolved": "https://registry.npmjs.org/pg/-/pg-8.9.0.tgz",
@@ -26184,10 +26175,8 @@
       "version": "0.0.0",
       "license": "MIT",
       "dependencies": {
-        "@defichain/jellyfish-transaction": "^0.0.0",
-        "@defichain/jellyfish-wallet": "^0.0.0",
         "bip32": "^2.0.6",
-        "bip39": "^3.0.4",
+        "bip39": "^3.1.0",
         "create-hmac": "^1.1.7"
       },
       "devDependencies": {
@@ -28182,11 +28171,9 @@
     "@defichain/jellyfish-wallet-mnemonic": {
       "version": "file:packages/jellyfish-wallet-mnemonic",
       "requires": {
-        "@defichain/jellyfish-transaction": "^0.0.0",
-        "@defichain/jellyfish-wallet": "^0.0.0",
         "@types/create-hmac": "1.1.0",
         "bip32": "^2.0.6",
-        "bip39": "^3.0.4",
+        "bip39": "^3.1.0",
         "create-hmac": "^1.1.7"
       }
     },
@@ -30755,6 +30742,11 @@
         "tslib": "2.5.0"
       }
     },
+    "@noble/hashes": {
+      "version": "1.3.1",
+      "resolved": "https://registry.npmjs.org/@noble/hashes/-/hashes-1.3.1.tgz",
+      "integrity": "sha512-EbqwksQwz9xDRGfDST86whPBgM65E0OH/pCgqW0GBVzO22bNE+NuIbeTb714+IfSjU3aRk47EUvXIb5bTsenKA=="
+    },
     "@nodelib/fs.scandir": {
       "version": "2.1.5",
       "requires": {
@@ -32979,17 +32971,11 @@
       }
     },
     "bip39": {
-      "version": "3.0.4",
+      "version": "3.1.0",
+      "resolved": "https://registry.npmjs.org/bip39/-/bip39-3.1.0.tgz",
+      "integrity": "sha512-c9kiwdk45Do5GL0vJMe7tS95VjCii65mYAH7DfWl3uW8AVzXKQVUm64i3hzVybBDMp9r7j9iNxR85+ul8MdN/A==",
       "requires": {
-        "@types/node": "11.11.6",
-        "create-hash": "^1.1.0",
-        "pbkdf2": "^3.0.9",
-        "randombytes": "^2.0.1"
-      },
-      "dependencies": {
-        "@types/node": {
-          "version": "11.11.6"
-        }
+        "@noble/hashes": "^1.2.0"
       }
     },
     "bip66": {
@@ -36467,11 +36453,9 @@
         "@defichain/jellyfish-wallet-mnemonic": {
           "version": "file:packages/jellyfish-wallet-mnemonic",
           "requires": {
-            "@defichain/jellyfish-transaction": "^0.0.0",
-            "@defichain/jellyfish-wallet": "^0.0.0",
             "@types/create-hmac": "1.1.0",
             "bip32": "^2.0.6",
-            "bip39": "^3.0.4",
+            "bip39": "^3.1.0",
             "create-hmac": "^1.1.7"
           }
         },
@@ -39040,6 +39024,11 @@
             "tslib": "2.5.0"
           }
         },
+        "@noble/hashes": {
+          "version": "1.3.1",
+          "resolved": "https://registry.npmjs.org/@noble/hashes/-/hashes-1.3.1.tgz",
+          "integrity": "sha512-EbqwksQwz9xDRGfDST86whPBgM65E0OH/pCgqW0GBVzO22bNE+NuIbeTb714+IfSjU3aRk47EUvXIb5bTsenKA=="
+        },
         "@nodelib/fs.scandir": {
           "version": "2.1.5",
           "requires": {
@@ -41264,17 +41253,11 @@
           }
         },
         "bip39": {
-          "version": "3.0.4",
+          "version": "3.1.0",
+          "resolved": "https://registry.npmjs.org/bip39/-/bip39-3.1.0.tgz",
+          "integrity": "sha512-c9kiwdk45Do5GL0vJMe7tS95VjCii65mYAH7DfWl3uW8AVzXKQVUm64i3hzVybBDMp9r7j9iNxR85+ul8MdN/A==",
           "requires": {
-            "@types/node": "11.11.6",
-            "create-hash": "^1.1.0",
-            "pbkdf2": "^3.0.9",
-            "randombytes": "^2.0.1"
-          },
-          "dependencies": {
-            "@types/node": {
-              "version": "11.11.6"
-            }
+            "@noble/hashes": "^1.2.0"
           }
         },
         "bip66": {
@@ -48750,16 +48733,6 @@
         "path-type": {
           "version": "4.0.0"
         },
-        "pbkdf2": {
-          "version": "3.1.2",
-          "requires": {
-            "create-hash": "^1.1.2",
-            "create-hmac": "^1.1.4",
-            "ripemd160": "^2.0.1",
-            "safe-buffer": "^5.0.1",
-            "sha.js": "^2.4.8"
-          }
-        },
         "pg": {
           "version": "8.9.0",
           "resolved": "https://registry.npmjs.org/pg/-/pg-8.9.0.tgz",
@@ -58841,16 +58814,6 @@
     "path-type": {
       "version": "4.0.0"
     },
-    "pbkdf2": {
-      "version": "3.1.2",
-      "requires": {
-        "create-hash": "^1.1.2",
-        "create-hmac": "^1.1.4",
-        "ripemd160": "^2.0.1",
-        "safe-buffer": "^5.0.1",
-        "sha.js": "^2.4.8"
-      }
-    },
     "pg": {
       "version": "8.9.0",
       "resolved": "https://registry.npmjs.org/pg/-/pg-8.9.0.tgz",
diff --git a/packages/jellyfish-wallet-mnemonic/package.json b/packages/jellyfish-wallet-mnemonic/package.json
index 27b3c09889..81416d0f0b 100644
--- a/packages/jellyfish-wallet-mnemonic/package.json
+++ b/packages/jellyfish-wallet-mnemonic/package.json
@@ -17,7 +17,7 @@
     "@defichain/jellyfish-wallet": "^0.0.0",
     "@defichain/jellyfish-transaction": "^0.0.0",
     "bip32": "^2.0.6",
-    "bip39": "^3.0.4",
+    "bip39": "^3.1.0",
     "create-hmac": "^1.1.7"
   },
   "peerDependencies": {