diff --git a/package.json b/package.json
index 179f29f3..16348e6f 100644
--- a/package.json
+++ b/package.json
@@ -33,7 +33,7 @@
   "dependencies": {
     "@metamask/base-controller": "^7.0.1",
     "@metamask/controller-utils": "^11.3.0",
-    "@metamask/utils": "^9.2.1",
+    "@metamask/utils": "^11.0.1",
     "await-semaphore": "^0.1.3",
     "crypto-js": "^4.2.0",
     "elliptic": "^6.5.4",
diff --git a/yarn.lock b/yarn.lock
index f86be71b..de6b07d7 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1187,7 +1187,7 @@ __metadata:
     "@metamask/eslint-config-nodejs": ^12.1.0
     "@metamask/eslint-config-typescript": ^12.1.0
     "@metamask/network-controller": ^22.1.0
-    "@metamask/utils": ^9.2.1
+    "@metamask/utils": ^11.0.1
     "@types/crypto-js": ^4.2.1
     "@types/elliptic": ^6.4.14
     "@types/jest": ^28.1.6
@@ -1270,7 +1270,24 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@metamask/utils@npm:^9.0.0, @metamask/utils@npm:^9.1.0, @metamask/utils@npm:^9.2.1":
+"@metamask/utils@npm:^11.0.1":
+  version: 11.0.1
+  resolution: "@metamask/utils@npm:11.0.1"
+  dependencies:
+    "@ethereumjs/tx": ^4.2.0
+    "@metamask/superstruct": ^3.1.0
+    "@noble/hashes": ^1.3.1
+    "@scure/base": ^1.1.3
+    "@types/debug": ^4.1.7
+    debug: ^4.3.4
+    pony-cause: ^2.1.10
+    semver: ^7.5.4
+    uuid: ^9.0.1
+  checksum: a5072f87157f6763328767bf1ddc01deb94e13f32af58d0993e0450e7e211fb29882280a1013cbdc7752b152a662be3d9beef8129a9097dba7d465389c398b3c
+  languageName: node
+  linkType: hard
+
+"@metamask/utils@npm:^9.0.0, @metamask/utils@npm:^9.1.0":
   version: 9.2.1
   resolution: "@metamask/utils@npm:9.2.1"
   dependencies: