diff --git a/packages/web3-eth-abi/package-lock.json b/packages/web3-eth-abi/package-lock.json
index 219371fe5ed..150de786789 100644
--- a/packages/web3-eth-abi/package-lock.json
+++ b/packages/web3-eth-abi/package-lock.json
@@ -112,18 +112,47 @@
 				"@ethersproject/logger": ">=5.0.0-beta.129"
 			}
 		},
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+			"resolved": "https://registry.npmjs.org/@types/bn.js/-/bn.js-5.1.0.tgz",
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+			"requires": {
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+			}
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 			"dev": true
 		},
+		"@types/node": {
+			"version": "16.11.10",
+			"resolved": "https://registry.npmjs.org/@types/node/-/node-16.11.10.tgz",
+			"integrity": "sha512-3aRnHa1KlOEEhJ6+CvyHKK5vE9BcLGjtUpwvqYLRvYNQKMfabu3BwfJaA/SLW8dxe28LsNDjtHwePTuzn3gmOA=="
+		},
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 			"dev": true
 		},
+		"@types/pbkdf2": {
+			"version": "3.1.0",
+			"resolved": "https://registry.npmjs.org/@types/pbkdf2/-/pbkdf2-3.1.0.tgz",
+			"integrity": "sha512-Cf63Rv7jCQ0LaL8tNXmEyqTHuIJxRdlS5vMh1mj5voN4+QFhVZnlZruezqpWYDiJ8UTzhP0VmeLXCmBk66YrMQ==",
+			"requires": {
+				"@types/node": "*"
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+		"@types/secp256k1": {
+			"version": "4.0.3",
+			"resolved": "https://registry.npmjs.org/@types/secp256k1/-/secp256k1-4.0.3.tgz",
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+			"requires": {
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@@ -192,6 +221,19 @@
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 			"dev": true
 		},
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+			"version": "3.0.9",
+			"resolved": "https://registry.npmjs.org/base-x/-/base-x-3.0.9.tgz",
+			"integrity": "sha512-H7JU6iBHTal1gp56aKoaa//YUxEaAOUiydvrV/pILqIHXTtqxSkATOnDA2u+jZ/61sD+L/412+7kzXRtWukhpQ==",
+			"requires": {
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+			}
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+		"blakejs": {
+			"version": "1.1.1",
+			"resolved": "https://registry.npmjs.org/blakejs/-/blakejs-1.1.1.tgz",
+			"integrity": "sha512-bLG6PHOCZJKNshTjGRBvET0vTciwQE6zFKOKKXPDJfwFBd4Ac0yBfPZqcGvGJap50l7ktvlpFqc2jGVaUgbJgg=="
+		},
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@@ -207,6 +249,47 @@
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+			"resolved": "https://registry.npmjs.org/brorand/-/brorand-1.1.0.tgz",
+			"integrity": "sha1-EsJe/kCkXjwyPrhnWgoM5XsiNx8="
+		},
+		"browserify-aes": {
+			"version": "1.2.0",
+			"resolved": "https://registry.npmjs.org/browserify-aes/-/browserify-aes-1.2.0.tgz",
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+				"cipher-base": "^1.0.0",
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+			"integrity": "sha1-vhYedsNU9veIrkBx9j806MTwpCo=",
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+			"version": "2.1.2",
+			"resolved": "https://registry.npmjs.org/bs58check/-/bs58check-2.1.2.tgz",
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+			"resolved": "https://registry.npmjs.org/buffer-xor/-/buffer-xor-1.0.3.tgz",
+			"integrity": "sha1-JuYe0UIvtw3ULm42cp7VHYVf6Nk="
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@@ -250,6 +333,15 @@
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+			"resolved": "https://registry.npmjs.org/cipher-base/-/cipher-base-1.0.4.tgz",
+			"integrity": "sha512-Kkht5ye6ZGmwv40uUDZztayT2ThLQGfnj/T71N/XzeZeo3nf8foyW7zGTsPYkEya3m5f3cAypH+qe7YOrM1U2Q==",
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@@ -300,6 +392,31 @@
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 			"dev": true
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+		"create-hash": {
+			"version": "1.2.0",
+			"resolved": "https://registry.npmjs.org/create-hash/-/create-hash-1.2.0.tgz",
+			"integrity": "sha512-z00bCGNHDG8mHAkP7CtT1qVu+bFQUPjYq/4Iv3C3kWjTFV10zIjfSoeqXo9Asws8gwSHDGj/hl2u4OGIjapeCg==",
+			"requires": {
+				"cipher-base": "^1.0.1",
+				"inherits": "^2.0.1",
+				"md5.js": "^1.3.4",
+				"ripemd160": "^2.0.1",
+				"sha.js": "^2.4.0"
+			}
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+		"create-hmac": {
+			"version": "1.1.7",
+			"resolved": "https://registry.npmjs.org/create-hmac/-/create-hmac-1.1.7.tgz",
+			"integrity": "sha512-MJG9liiZ+ogc4TzUwuvbER1JRdgvUFSB5+VR/g5h82fGaIRWMWddtKBHi7/sVhfjQZ6SehlyhvQYrcYkaUIpLg==",
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@@ -418,6 +535,27 @@
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+			"resolved": "https://registry.npmjs.org/elliptic/-/elliptic-6.5.4.tgz",
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+				"brorand": "^1.1.0",
+				"hash.js": "^1.0.0",
+				"hmac-drbg": "^1.0.1",
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+					"resolved": "https://registry.npmjs.org/bn.js/-/bn.js-4.12.0.tgz",
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 			"dev": true
 		},
+		"ethereum-bloom-filters": {
+			"version": "1.0.10",
+			"resolved": "https://registry.npmjs.org/ethereum-bloom-filters/-/ethereum-bloom-filters-1.0.10.tgz",
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+			},
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+				"js-sha3": {
+					"version": "0.8.0",
+					"resolved": "https://registry.npmjs.org/js-sha3/-/js-sha3-0.8.0.tgz",
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+				}
+			}
+		},
+		"ethereum-cryptography": {
+			"version": "0.1.3",
+			"resolved": "https://registry.npmjs.org/ethereum-cryptography/-/ethereum-cryptography-0.1.3.tgz",
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+				"blakejs": "^1.1.0",
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+			"resolved": "https://registry.npmjs.org/ethereumjs-util/-/ethereumjs-util-7.1.3.tgz",
+			"integrity": "sha512-y+82tEbyASO0K0X1/SRhbJJoAlfcvq8JbrG4a5cjrOks7HS/36efU/0j2flxCPOUM++HFahk33kr/ZxyC4vNuw==",
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+				"bn.js": "^5.1.2",
+				"create-hash": "^1.1.2",
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+		},
+		"ethjs-unit": {
+			"version": "0.1.6",
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+			"resolved": "https://registry.npmjs.org/hash.js/-/hash.js-1.1.7.tgz",
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+				"inherits": "^2.0.3",
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+			}
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+		"hmac-drbg": {
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+			"resolved": "https://registry.npmjs.org/hmac-drbg/-/hmac-drbg-1.0.1.tgz",
+			"integrity": "sha1-0nRXAQJabHdabFRXk+1QL8DGSaE=",
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@@ -578,6 +825,11 @@
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+			"integrity": "sha1-fY035q135dEnFIkTxXPggtd39VQ="
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@@ -663,6 +925,16 @@
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+			"resolved": "https://registry.npmjs.org/md5.js/-/md5.js-1.3.5.tgz",
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 			"dev": true
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+		"minimalistic-assert": {
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+			"resolved": "https://registry.npmjs.org/minimalistic-assert/-/minimalistic-assert-1.0.1.tgz",
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+		},
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+			"version": "1.0.1",
+			"resolved": "https://registry.npmjs.org/minimalistic-crypto-utils/-/minimalistic-crypto-utils-1.0.1.tgz",
+			"integrity": "sha1-9sAMHAsIIkblxNmd+4x8CDsrWCo="
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 			"dev": true
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+			"resolved": "https://registry.npmjs.org/number-to-bn/-/number-to-bn-1.7.0.tgz",
+			"integrity": "sha1-uzYjWS9+X54AMLGXe9QaDFP+HqA=",
+			"requires": {
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+			"dependencies": {
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+					"resolved": "https://registry.npmjs.org/bn.js/-/bn.js-4.11.6.tgz",
+					"integrity": "sha1-UzRK2xRhehP26N0s4okF0cC6MhU="
+				}
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 			"dev": true
 		},
+		"pbkdf2": {
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+			"resolved": "https://registry.npmjs.org/pbkdf2/-/pbkdf2-3.1.2.tgz",
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+				"sha.js": "^2.4.8"
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@@ -827,6 +1147,24 @@
 				"once": "^1.3.1"
 			}
 		},
+		"randombytes": {
+			"version": "2.1.0",
+			"resolved": "https://registry.npmjs.org/randombytes/-/randombytes-2.1.0.tgz",
+			"integrity": "sha512-vYl3iOX+4CKUWuxGi9Ukhie6fsqXqS9FE2Zaic4tNFD2N2QQaXOMFbuKK4QmDHC0JO6B1Zp41J0LpT0oR68amQ==",
+			"requires": {
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+			}
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+		"readable-stream": {
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+			"resolved": "https://registry.npmjs.org/readable-stream/-/readable-stream-3.6.0.tgz",
+			"integrity": "sha512-BViHy7LKeTz4oNnkcLJ+lVSL6vpiFeX6/d3oSH8zCW7UxP2onchk+vTGB143xuFjHS3deTgkKoXXymXqymiIdA==",
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+				"string_decoder": "^1.1.1",
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@@ -848,6 +1186,50 @@
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 			}
 		},
+		"ripemd160": {
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+			"resolved": "https://registry.npmjs.org/ripemd160/-/ripemd160-2.0.2.tgz",
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+			"requires": {
+				"hash-base": "^3.0.0",
+				"inherits": "^2.0.1"
+			}
+		},
+		"rlp": {
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+			"resolved": "https://registry.npmjs.org/rlp/-/rlp-2.2.7.tgz",
+			"integrity": "sha512-d5gdPmgQ0Z+AklL2NVXr/IoSjNZFfTVvQWzL/AM2AOcSzYP2xjlb0AC8YyCLc41MSNf6P6QVtjgPdmVtzb+4lQ==",
+			"requires": {
+				"bn.js": "^5.2.0"
+			},
+			"dependencies": {
+				"bn.js": {
+					"version": "5.2.0",
+					"resolved": "https://registry.npmjs.org/bn.js/-/bn.js-5.2.0.tgz",
+					"integrity": "sha512-D7iWRBvnZE8ecXiLj/9wbxH7Tk79fAh8IHaTNq1RWRixsS02W+5qS+iE9yq6RYl0asXx5tw0bLhmT5pIfbSquw=="
+				}
+			}
+		},
+		"safe-buffer": {
+			"version": "5.2.1",
+			"resolved": "https://registry.npmjs.org/safe-buffer/-/safe-buffer-5.2.1.tgz",
+			"integrity": "sha512-rp3So07KcdmmKbGvgaNxQSJr7bGVSVk5S9Eq1F+ppbRo70+YeaDxkw5Dd8NPN+GD6bjnYm2VuPuCXmpuYvmCXQ=="
+		},
+		"scrypt-js": {
+			"version": "3.0.1",
+			"resolved": "https://registry.npmjs.org/scrypt-js/-/scrypt-js-3.0.1.tgz",
+			"integrity": "sha512-cdwTTnqPu0Hyvf5in5asVdZocVDTNRmR7XEcJuIzMjJeSHybHl7vpB66AzwTaIg6CLSbtjcxc8fqcySfnTkccA=="
+		},
+		"secp256k1": {
+			"version": "4.0.2",
+			"resolved": "https://registry.npmjs.org/secp256k1/-/secp256k1-4.0.2.tgz",
+			"integrity": "sha512-UDar4sKvWAksIlfX3xIaQReADn+WFnHvbVujpcbr+9Sf/69odMwy2MUsz5CKLQgX9nsIyrjuxL2imVyoNHa3fg==",
+			"requires": {
+				"elliptic": "^6.5.2",
+				"node-addon-api": "^2.0.0",
+				"node-gyp-build": "^4.2.0"
+			}
+		},
 		"semver": {
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 			"resolved": "https://registry.npmjs.org/semver/-/semver-6.3.0.tgz",
@@ -860,6 +1242,20 @@
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 			"dev": true
 		},
+		"setimmediate": {
+			"version": "1.0.5",
+			"resolved": "https://registry.npmjs.org/setimmediate/-/setimmediate-1.0.5.tgz",
+			"integrity": "sha1-KQy7Iy4waULX1+qbg3Mqt4VvgoU="
+		},
+		"sha.js": {
+			"version": "2.4.11",
+			"resolved": "https://registry.npmjs.org/sha.js/-/sha.js-2.4.11.tgz",
+			"integrity": "sha512-QMEp5B7cftE7APOjk5Y6xgrbWu+WkLVQwk8JNjZ8nKRciZaByEW6MubieAiToS7+dwvrjGhH8jRXz3MVd0AYqQ==",
+			"requires": {
+				"inherits": "^2.0.1",
+				"safe-buffer": "^5.0.1"
+			}
+		},
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 			"resolved": "https://registry.npmjs.org/shebang-command/-/shebang-command-1.2.0.tgz",
@@ -897,6 +1293,14 @@
 				"strip-ansi": "^4.0.0"
 			}
 		},
+		"string_decoder": {
+			"version": "1.3.0",
+			"resolved": "https://registry.npmjs.org/string_decoder/-/string_decoder-1.3.0.tgz",
+			"integrity": "sha512-hkRX8U1WjJFd8LsDJ2yQ/wWWxaopEsABU1XfkM8A+j0+85JAGppt16cr1Whg6KIbb4okU6Mql6BOj+uup/wKeA==",
+			"requires": {
+				"safe-buffer": "~5.2.0"
+			}
+		},
 		"strip-ansi": {
 			"version": "4.0.0",
 			"resolved": "https://registry.npmjs.org/strip-ansi/-/strip-ansi-4.0.0.tgz",
@@ -912,6 +1316,14 @@
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 			"dev": true
 		},
+		"strip-hex-prefix": {
+			"version": "1.0.0",
+			"resolved": "https://registry.npmjs.org/strip-hex-prefix/-/strip-hex-prefix-1.0.0.tgz",
+			"integrity": "sha1-DF8VX+8RUTczd96du1iNoFUA428=",
+			"requires": {
+				"is-hex-prefixed": "1.0.0"
+			}
+		},
 		"strip-json-comments": {
 			"version": "2.0.1",
 			"resolved": "https://registry.npmjs.org/strip-json-comments/-/strip-json-comments-2.0.1.tgz",
@@ -985,6 +1397,37 @@
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 			"dev": true
 		},
+		"utf8": {
+			"version": "3.0.0",
+			"resolved": "https://registry.npmjs.org/utf8/-/utf8-3.0.0.tgz",
+			"integrity": "sha512-E8VjFIQ/TyQgp+TZfS6l8yp/xWppSAHzidGiRrqe4bK4XP9pTRyKFgGJpO3SN7zdX4DeomTrwaseCHovfpFcqQ=="
+		},
+		"util-deprecate": {
+			"version": "1.0.2",
+			"resolved": "https://registry.npmjs.org/util-deprecate/-/util-deprecate-1.0.2.tgz",
+			"integrity": "sha1-RQ1Nyfpw3nMnYvvS1KKJgUGaDM8="
+		},
+		"web3-utils": {
+			"version": "1.6.0",
+			"resolved": "https://registry.npmjs.org/web3-utils/-/web3-utils-1.6.0.tgz",
+			"integrity": "sha512-bgCAWAeQnJF035YTFxrcHJ5mGEfTi/McsjqldZiXRwlHK7L1PyOqvXiQLE053dlzvy1kdAxWl/sSSfLMyNUAXg==",
+			"requires": {
+				"bn.js": "^4.11.9",
+				"ethereum-bloom-filters": "^1.0.6",
+				"ethereumjs-util": "^7.1.0",
+				"ethjs-unit": "0.1.6",
+				"number-to-bn": "1.7.0",
+				"randombytes": "^2.1.0",
+				"utf8": "3.0.0"
+			},
+			"dependencies": {
+				"bn.js": {
+					"version": "4.12.0",
+					"resolved": "https://registry.npmjs.org/bn.js/-/bn.js-4.12.0.tgz",
+					"integrity": "sha512-c98Bf3tPniI+scsdk237ku1Dc3ujXQTSgyiPUDEOe7tRkhrqridvh8klBv0HCEso1OLOYcHuCv/cS6DNxKH+ZA=="
+				}
+			}
+		},
 		"which": {
 			"version": "1.3.1",
 			"resolved": "https://registry.npmjs.org/which/-/which-1.3.1.tgz",
diff --git a/packages/web3-eth-abi/package.json b/packages/web3-eth-abi/package.json
index b8c686101a0..015e2bf27f3 100644
--- a/packages/web3-eth-abi/package.json
+++ b/packages/web3-eth-abi/package.json
@@ -16,7 +16,7 @@
     "dependencies": {
         "@ethersproject/abi": "5.0.0-beta.153",
         "underscore": "1.9.1",
-        "web3-utils": "1.3.0"
+        "web3-utils": "1.6.0"
     },
     "devDependencies": {
         "dtslint": "^3.4.1",