diff --git a/Cargo.lock b/Cargo.lock
index bcd0705..6b821c5 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1361,7 +1361,7 @@ dependencies = [
 [[package]]
 name = "iota-wallet"
 version = "0.2.0"
-source = "git+https://github.com/iotaledger/wallet.rs?rev=1e9ae9e05b1a992202e627fa91bc748466e6b53e#1e9ae9e05b1a992202e627fa91bc748466e6b53e"
+source = "git+https://github.com/iotaledger/wallet.rs?rev=75b1f9e9dd150d2547d3fe61b2af60310ab6473d#75b1f9e9dd150d2547d3fe61b2af60310ab6473d"
 dependencies = [
  "async-trait",
  "backtrace",
diff --git a/Cargo.toml b/Cargo.toml
index 89d8448..c90e063 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -16,7 +16,7 @@ clap = { version = "3.2.5", default-features = false, features = [ "derive", "st
 dialoguer = { version = "0.10.1", default-features = false, features = [ "password" ] }
 fern-logger = { version = "0.5.0", default-features = false }
 iota-crypto = { version = "0.12.1", default-features = false, features = [ "std", "random", "sha", "pbkdf", "hmac", "bip39", "bip39-en", "chacha", "blake2b", "slip10" ] }
-iota-wallet = { git = "https://github.com/iotaledger/wallet.rs", rev = "1e9ae9e05b1a992202e627fa91bc748466e6b53e", default-features = false, features = [ "storage", "stronghold" ] }
+iota-wallet = { git = "https://github.com/iotaledger/wallet.rs", rev = "75b1f9e9dd150d2547d3fe61b2af60310ab6473d", default-features = false, features = [ "storage", "stronghold" ] }
 log = { version = "0.4.17", default-features = false }
 prefix-hex = { version = "0.4.0", default-features = false, features = [ "std" ] }
 thiserror = { version = "1.0.31", default-features = false }
diff --git a/src/command/account_manager.rs b/src/command/account_manager.rs
index 2a15319..717bee1 100644
--- a/src/command/account_manager.rs
+++ b/src/command/account_manager.rs
@@ -6,7 +6,7 @@ use std::{fs::File, io::prelude::*};
 use clap::{Args, Parser, Subcommand};
 use iota_wallet::{
     account_manager::AccountManager,
-    iota_client::{secret::SecretManager, utils::generate_mnemonic},
+    iota_client::{constants::SHIMMER_COIN_TYPE, secret::SecretManager, utils::generate_mnemonic},
     ClientOptions,
 };
 use log::LevelFilter;
@@ -57,6 +57,7 @@ pub async fn init_command(
                 .with_node_sync_disabled(),
         )
         .with_storage_path(&storage_path)
+        .with_coin_type(SHIMMER_COIN_TYPE)
         .finish()
         .await?;