diff --git a/services/wallet/transfer/commands_sequential.go b/services/wallet/transfer/commands_sequential.go
index 8e296c73f..95d01b7ee 100644
--- a/services/wallet/transfer/commands_sequential.go
+++ b/services/wallet/transfer/commands_sequential.go
@@ -54,7 +54,25 @@ func (c *findNewBlocksCommand) Run(parent context.Context) (err error) {
 
 func (c *findNewBlocksCommand) findAndSaveEthBlocks(parent context.Context, fromNum, headNum *big.Int) {
 	// Check ETH transfers for each account independently
+	mnemonicWasNotShown, err := c.accountsDB.GetMnemonicWasNotShown()
+	if err != nil {
+		c.error = err
+		return
+	}
+
 	for _, account := range c.accounts {
+		if mnemonicCheckEnabled && mnemonicWasNotShown {
+			acc, err := c.accountsDB.GetAccountByAddress(nodetypes.Address(account))
+			if err != nil {
+				c.error = err
+				return
+			}
+			if acc.AddressWasNotShown {
+				log.Info("skip findNewBlocksCommand, mnemonic has not been shown and the address has not been shared yet", "address", account)
+				continue
+			}
+		}
+
 		log.Debug("start findNewBlocksCommand", "account", account, "chain", c.chainClient.NetworkID(), "noLimit", c.noLimit, "from", fromNum, "to", headNum)
 
 		headers, startBlockNum, _ := c.findBlocksWithEthTransfers(parent, account, fromNum, headNum)
diff --git a/services/wallet/transfer/commands_sequential_test.go b/services/wallet/transfer/commands_sequential_test.go
index 7053c74f6..28fee6dcd 100644
--- a/services/wallet/transfer/commands_sequential_test.go
+++ b/services/wallet/transfer/commands_sequential_test.go
@@ -1076,7 +1076,7 @@ func TestFetchTransfersForLoadedBlocks(t *testing.T) {
 	address := common.HexToAddress("0x1234")
 	chainClient := newMockChainClient()
 	tracker := transactions.NewPendingTxTracker(db, chainClient, nil, &event.Feed{}, transactions.PendingCheckInterval)
-	accDB, err := accounts.NewDB(wdb.client)
+	accDB, err := accounts.NewDB(appdb)
 	require.NoError(t, err)
 
 	cmd := &loadBlocksAndTransfersCommand{
@@ -1153,7 +1153,7 @@ func TestFetchNewBlocksCommand_findBlocksWithEthTransfers(t *testing.T) {
 	blockChannel := make(chan []*DBHeader, 10)
 
 	address := common.HexToAddress("0x1234")
-	accDB, err := accounts.NewDB(wdb.client)
+	accDB, err := accounts.NewDB(appdb)
 	require.NoError(t, err)
 
 	for idx, testCase := range getNewBlocksCases() {
@@ -1229,7 +1229,7 @@ func TestFetchNewBlocksCommand(t *testing.T) {
 
 	address1 := common.HexToAddress("0x1234")
 	address2 := common.HexToAddress("0x5678")
-	accDB, err := accounts.NewDB(wdb.client)
+	accDB, err := accounts.NewDB(appdb)
 	require.NoError(t, err)
 
 	tc := &TestClient{