diff --git a/chains/ethereum/chain.go b/chains/ethereum/chain.go
index 560a7b3b7..8f3d6b0fd 100644
--- a/chains/ethereum/chain.go
+++ b/chains/ethereum/chain.go
@@ -101,31 +101,31 @@ func InitializeChain(chainCfg *core.ChainConfig, logger log15.Logger, sysErr cha
 		return nil, err
 	}
 	kp, _ := kpI.(*secp256k1.Keypair)
-	
-	// delete keypair initialize
-	kpI.DeleteKeyPair()
 
 	bs, err := setupBlockstore(cfg, kp.Address())
 	if err != nil {
+		kp.DeleteKeyPair()
 		return nil, err
 	}
 
 	stop := make(chan int)
 	conn := connection.NewConnection(cfg.endpoint, cfg.http, kp, logger, cfg.gasLimit, cfg.maxGasPrice, cfg.gasMultiplier, cfg.egsApiKey, cfg.egsSpeed)
-	// delete keypair
-	kp.DeleteKeyPair()
+	
 	err = conn.Connect()
 	if err != nil {
+		kp.DeleteKeyPair()
 		return nil, err
 	}
 	err = conn.EnsureHasBytecode(cfg.bridgeContract)
 	if err != nil {
+		kp.DeleteKeyPair()
 		return nil, err
 	}
 
 	if cfg.erc20HandlerContract != utils.ZeroAddress {
 		err = conn.EnsureHasBytecode(cfg.erc20HandlerContract)
 		if err != nil {
+			kp.DeleteKeyPair()
 			return nil, err
 		}
 	}
@@ -133,42 +133,50 @@ func InitializeChain(chainCfg *core.ChainConfig, logger log15.Logger, sysErr cha
 	if cfg.genericHandlerContract != utils.ZeroAddress {
 		err = conn.EnsureHasBytecode(cfg.genericHandlerContract)
 		if err != nil {
+			kp.DeleteKeyPair()
 			return nil, err
 		}
 	}
 
 	bridgeContract, err := bridge.NewBridge(cfg.bridgeContract, conn.Client())
 	if err != nil {
+		kp.DeleteKeyPair()
 		return nil, err
 	}
 
 	chainId, err := bridgeContract.ChainID(conn.CallOpts())
 	if err != nil {
+		kp.DeleteKeyPair()
 		return nil, err
 	}
 
 	if chainId != uint8(chainCfg.Id) {
+		kp.DeleteKeyPair()
 		return nil, fmt.Errorf("chainId (%d) and configuration chainId (%d) do not match", chainId, chainCfg.Id)
 	}
 
 	erc20HandlerContract, err := erc20Handler.NewERC20Handler(cfg.erc20HandlerContract, conn.Client())
 	if err != nil {
+		kp.DeleteKeyPair()
 		return nil, err
 	}
 
 	erc721HandlerContract, err := erc721Handler.NewERC721Handler(cfg.erc721HandlerContract, conn.Client())
 	if err != nil {
+		kp.DeleteKeyPair()
 		return nil, err
 	}
 
 	genericHandlerContract, err := GenericHandler.NewGenericHandler(cfg.genericHandlerContract, conn.Client())
 	if err != nil {
+		kp.DeleteKeyPair()
 		return nil, err
 	}
 
 	if chainCfg.LatestBlock {
 		curr, err := conn.LatestBlock()
 		if err != nil {
+			kp.DeleteKeyPair()
 			return nil, err
 		}
 		cfg.startBlock = curr
@@ -179,6 +187,8 @@ func InitializeChain(chainCfg *core.ChainConfig, logger log15.Logger, sysErr cha
 
 	writer := NewWriter(conn, cfg, logger, stop, sysErr, m)
 	writer.setContract(bridgeContract)
+	// delete keypair
+	kp.DeleteKeyPair()
 
 	return &Chain{
 		cfg:      chainCfg,
diff --git a/cmd/chainbridge/account.go b/cmd/chainbridge/account.go
index 66c1da81d..7c9db1f5e 100644
--- a/cmd/chainbridge/account.go
+++ b/cmd/chainbridge/account.go
@@ -186,7 +186,7 @@ func ValidatePassword(password string) bool {
 		return false
 	}
 
-	// Check if all constraints are satisfied
+	log.Info("Password created successfully")
 	return true
 }
 
@@ -235,6 +235,7 @@ func importPrivKey(ctx *cli.Context, keytype, datadir, key string, password []by
 			for i := 0; i < len(salt); i++ {
 				salt[i] = 0
 			}
+			kp.DeleteKeyPair()
 			return "", fmt.Errorf("could not generate sr25519 keypair from given string: %w", err)
 		}
 	} else if keytype == crypto.Secp256k1Type {
@@ -252,6 +253,7 @@ func importPrivKey(ctx *cli.Context, keytype, datadir, key string, password []by
 			for i := 0; i < len(salt); i++ {
 				salt[i] = 0
 			}
+			kp.DeleteKeyPair()
 			return "", fmt.Errorf("could not generate secp256k1 keypair from given string: %w", err)
 		}
 	} else {
@@ -272,6 +274,7 @@ func importPrivKey(ctx *cli.Context, keytype, datadir, key string, password []by
 		for i := 0; i < len(salt); i++ {
 			salt[i] = 0
 		}
+		kp.DeleteKeyPair()
 		return "", fmt.Errorf("invalid filepath: %w", err)
 	}
 
@@ -283,6 +286,7 @@ func importPrivKey(ctx *cli.Context, keytype, datadir, key string, password []by
 		for i := 0; i < len(salt); i++ {
 			salt[i] = 0
 		}
+		kp.DeleteKeyPair()
 		return "", fmt.Errorf("Unable to Open File: %w", err)
 	}
 
@@ -301,6 +305,8 @@ func importPrivKey(ctx *cli.Context, keytype, datadir, key string, password []by
 		for i := 0; i < len(salt); i++ {
 			salt[i] = 0
 		}
+
+		kp.DeleteKeyPair()
 		return "", fmt.Errorf("could not write key to file: %w", err)
 	}
 	for i := 0; i < len(hshPwd); i++ {
diff --git a/go.mod b/go.mod
index 40cd88273..d4a8a2ca3 100644
--- a/go.mod
+++ b/go.mod
@@ -15,4 +15,4 @@ require (
 	golang.org/x/sys v0.14.0 // indirect
 )
 
-replace github.com/ChainSafe/chainbridge-utils v1.0.6 => github.com/ChainVerse-Team/chainbridge-utils v0.0.5-alpha
+replace github.com/ChainSafe/chainbridge-utils v1.0.6 => github.com/ChainVerse-Team/chainbridge-utils v0.0.5-beta
diff --git a/go.sum b/go.sum
index aeb6f3afc..dab59bce9 100644
--- a/go.sum
+++ b/go.sum
@@ -37,8 +37,8 @@ github.com/ChainSafe/chainbridge-substrate-events v0.0.0-20200715141113-87198532
 github.com/ChainSafe/chainbridge-substrate-events v0.0.0-20200715141113-87198532025e/go.mod h1:H5fNH57wn/j1oLifOnWEqYbfJZcOWzr7jZjKKrUckSQ=
 github.com/ChainSafe/log15 v1.0.0 h1:vRDVtWtVwIH5uSCBvgTTZh6FA58UBJ6+QiiypaZfBf8=
 github.com/ChainSafe/log15 v1.0.0/go.mod h1:5v1+ALHtdW0NfAeeoYyKmzCAMcAeqkdhIg4uxXWIgOg=
-github.com/ChainVerse-Team/chainbridge-utils v0.0.5-alpha h1:isR+2RF4pOthPwHb8ldHzXA0Lr1bwLRgG3JapDmRpPY=
-github.com/ChainVerse-Team/chainbridge-utils v0.0.5-alpha/go.mod h1:hrkNR9+xaFYyfFaDFN/U6B12TZLUhAHHX2Hnd7v4xl4=
+github.com/ChainVerse-Team/chainbridge-utils v0.0.5-beta h1:dYm8gOkj/WaqF2GQTAUTHgIq5bNsF2JRWK7jxUa2SHs=
+github.com/ChainVerse-Team/chainbridge-utils v0.0.5-beta/go.mod h1:hrkNR9+xaFYyfFaDFN/U6B12TZLUhAHHX2Hnd7v4xl4=
 github.com/DATA-DOG/go-sqlmock v1.3.3/go.mod h1:f/Ixk793poVmq4qj/V1dPUg2JEAKC73Q5eFN3EC/SaM=
 github.com/OneOfOne/xxhash v1.2.2/go.mod h1:HSdplMjZKSmBqAxg5vPj2TmRDmfkzw+cTzAElWljhcU=
 github.com/OneOfOne/xxhash v1.2.5/go.mod h1:eZbhyaAYD41SGSSsnmcpxVoRiQ/MPUTjUdIIOT9Um7Q=