diff --git a/packages/assets-controllers/package.json b/packages/assets-controllers/package.json
index 72da2fffe12..2447538d7d4 100644
--- a/packages/assets-controllers/package.json
+++ b/packages/assets-controllers/package.json
@@ -39,7 +39,7 @@
     "@metamask/metamask-eth-abis": "3.0.0",
     "@metamask/network-controller": "workspace:^",
     "@metamask/preferences-controller": "workspace:^",
-    "@metamask/utils": "^3.3.1",
+    "@metamask/utils": "^5.0.1",
     "@types/uuid": "^8.3.0",
     "abort-controller": "^3.0.0",
     "async-mutex": "^0.2.6",
diff --git a/packages/controller-utils/package.json b/packages/controller-utils/package.json
index 2d9ad246a88..1b7d110fbcb 100644
--- a/packages/controller-utils/package.json
+++ b/packages/controller-utils/package.json
@@ -29,7 +29,7 @@
     "test:watch": "jest --watch"
   },
   "dependencies": {
-    "@metamask/utils": "^3.3.1",
+    "@metamask/utils": "^5.0.1",
     "@spruceid/siwe-parser": "1.1.3",
     "eth-ens-namehash": "^2.0.8",
     "eth-rpc-errors": "^4.0.0",
diff --git a/packages/network-controller/package.json b/packages/network-controller/package.json
index 23d0eef3075..8c12523b406 100644
--- a/packages/network-controller/package.json
+++ b/packages/network-controller/package.json
@@ -32,7 +32,7 @@
     "@metamask/base-controller": "workspace:^",
     "@metamask/controller-utils": "workspace:^",
     "@metamask/swappable-obj-proxy": "^2.1.0",
-    "@metamask/utils": "^3.3.1",
+    "@metamask/utils": "^5.0.1",
     "async-mutex": "^0.2.6",
     "babel-runtime": "^6.26.0",
     "eth-json-rpc-infura": "^5.1.0",
diff --git a/yarn.lock b/yarn.lock
index 12809ec4f92..894bcb4e638 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1215,7 +1215,7 @@ __metadata:
     "@metamask/metamask-eth-abis": 3.0.0
     "@metamask/network-controller": "workspace:^"
     "@metamask/preferences-controller": "workspace:^"
-    "@metamask/utils": ^3.3.1
+    "@metamask/utils": ^5.0.1
     "@types/jest": ^26.0.22
     "@types/node": ^14.14.31
     "@types/uuid": ^8.3.0
@@ -1314,7 +1314,7 @@ __metadata:
   resolution: "@metamask/controller-utils@workspace:packages/controller-utils"
   dependencies:
     "@metamask/auto-changelog": ^3.1.0
-    "@metamask/utils": ^3.3.1
+    "@metamask/utils": ^5.0.1
     "@spruceid/siwe-parser": 1.1.3
     "@types/jest": ^26.0.22
     abort-controller: ^3.0.0
@@ -1614,7 +1614,7 @@ __metadata:
     "@metamask/base-controller": "workspace:^"
     "@metamask/controller-utils": "workspace:^"
     "@metamask/swappable-obj-proxy": ^2.1.0
-    "@metamask/utils": ^3.3.1
+    "@metamask/utils": ^5.0.1
     "@types/jest": ^26.0.22
     "@types/lodash": ^4.14.191
     async-mutex: ^0.2.6
@@ -1841,7 +1841,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@metamask/utils@npm:^3.0.3, @metamask/utils@npm:^3.2.0, @metamask/utils@npm:^3.3.1":
+"@metamask/utils@npm:^3.0.3, @metamask/utils@npm:^3.2.0":
   version: 3.3.1
   resolution: "@metamask/utils@npm:3.3.1"
   dependencies: