diff --git a/package.json b/package.json
index 179f29f..cb24785 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": "^11.3.0",
     "await-semaphore": "^0.1.3",
     "crypto-js": "^4.2.0",
     "elliptic": "^6.5.4",
diff --git a/yarn.lock b/yarn.lock
index f86be71..0c554c6 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": ^11.3.0
     "@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:^11.3.0":
+  version: 11.3.0
+  resolution: "@metamask/utils@npm:11.3.0"
+  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: 9b125dc374f4c0210419bd003a0f181867321aa25b1464d5197eb104c8027af6a0b9f3f43538e49c45d287eeac967d430fd3fd41a6f4fa9ec91dc9bc05980449
+  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: