diff --git a/web3.js/package-lock.json b/web3.js/package-lock.json
index 3ca42f43da..7505d0f0c1 100644
--- a/web3.js/package-lock.json
+++ b/web3.js/package-lock.json
@@ -81,7 +81,7 @@
         "semantic-release": "^17.0.2",
         "sinon": "^10.0.0",
         "start-server-and-test": "^1.12.0",
-        "ts-node": "^9.1.1",
+        "ts-node": "^10.0.0",
         "tslib": "^2.1.0",
         "typedoc": "^0.20.31",
         "typescript": "^4.1.5"
@@ -3135,6 +3135,30 @@
         "tweetnacl": "^1.0.0"
       }
     },
+    "node_modules/@tsconfig/node10": {
+      "version": "1.0.7",
+      "resolved": "https://registry.npmjs.org/@tsconfig/node10/-/node10-1.0.7.tgz",
+      "integrity": "sha512-aBvUmXLQbayM4w3A8TrjwrXs4DZ8iduJnuJLLRGdkWlyakCf1q6uHZJBzXoRA/huAEknG5tcUyQxN3A+In5euQ==",
+      "dev": true
+    },
+    "node_modules/@tsconfig/node12": {
+      "version": "1.0.7",
+      "resolved": "https://registry.npmjs.org/@tsconfig/node12/-/node12-1.0.7.tgz",
+      "integrity": "sha512-dgasobK/Y0wVMswcipr3k0HpevxFJLijN03A8mYfEPvWvOs14v0ZlYTR4kIgMx8g4+fTyTFv8/jLCIfRqLDJ4A==",
+      "dev": true
+    },
+    "node_modules/@tsconfig/node14": {
+      "version": "1.0.0",
+      "resolved": "https://registry.npmjs.org/@tsconfig/node14/-/node14-1.0.0.tgz",
+      "integrity": "sha512-RKkL8eTdPv6t5EHgFKIVQgsDapugbuOptNd9OOunN/HAkzmmTnZELx1kNCK0rSdUYGmiFMM3rRQMAWiyp023LQ==",
+      "dev": true
+    },
+    "node_modules/@tsconfig/node16": {
+      "version": "1.0.1",
+      "resolved": "https://registry.npmjs.org/@tsconfig/node16/-/node16-1.0.1.tgz",
+      "integrity": "sha512-FTgBI767POY/lKNDNbIzgAX6miIDBs6NTCbdlDb8TrWovHsSvaVIZDlTqym29C6UqhzwcJx4CYr+AlrMywA0cA==",
+      "dev": true
+    },
     "node_modules/@types/bn.js": {
       "version": "5.1.0",
       "resolved": "https://registry.npmjs.org/@types/bn.js/-/bn.js-5.1.0.tgz",
@@ -18727,11 +18751,15 @@
       }
     },
     "node_modules/ts-node": {
-      "version": "9.1.1",
-      "resolved": "https://registry.npmjs.org/ts-node/-/ts-node-9.1.1.tgz",
-      "integrity": "sha512-hPlt7ZACERQGf03M253ytLY3dHbGNGrAq9qIHWUY9XHYl1z7wYngSr3OQ5xmui8o2AaxsONxIzjafLUiWBo1Fg==",
+      "version": "10.0.0",
+      "resolved": "https://registry.npmjs.org/ts-node/-/ts-node-10.0.0.tgz",
+      "integrity": "sha512-ROWeOIUvfFbPZkoDis0L/55Fk+6gFQNZwwKPLinacRl6tsxstTF1DbAcLKkovwnpKMVvOMHP1TIbnwXwtLg1gg==",
       "dev": true,
       "dependencies": {
+        "@tsconfig/node10": "^1.0.7",
+        "@tsconfig/node12": "^1.0.7",
+        "@tsconfig/node14": "^1.0.0",
+        "@tsconfig/node16": "^1.0.1",
         "arg": "^4.1.0",
         "create-require": "^1.1.0",
         "diff": "^4.0.1",
@@ -18741,12 +18769,27 @@
       },
       "bin": {
         "ts-node": "dist/bin.js",
+        "ts-node-cwd": "dist/bin-cwd.js",
         "ts-node-script": "dist/bin-script.js",
         "ts-node-transpile-only": "dist/bin-transpile.js",
         "ts-script": "dist/bin-script-deprecated.js"
       },
       "engines": {
-        "node": ">=10.0.0"
+        "node": ">=12.0.0"
+      },
+      "peerDependencies": {
+        "@swc/core": ">=1.2.45",
+        "@swc/wasm": ">=1.2.45",
+        "@types/node": "*",
+        "typescript": ">=2.7"
+      },
+      "peerDependenciesMeta": {
+        "@swc/core": {
+          "optional": true
+        },
+        "@swc/wasm": {
+          "optional": true
+        }
       }
     },
     "node_modules/tsconfig-paths": {
@@ -22429,6 +22472,30 @@
         "tweetnacl": "^1.0.0"
       }
     },
+    "@tsconfig/node10": {
+      "version": "1.0.7",
+      "resolved": "https://registry.npmjs.org/@tsconfig/node10/-/node10-1.0.7.tgz",
+      "integrity": "sha512-aBvUmXLQbayM4w3A8TrjwrXs4DZ8iduJnuJLLRGdkWlyakCf1q6uHZJBzXoRA/huAEknG5tcUyQxN3A+In5euQ==",
+      "dev": true
+    },
+    "@tsconfig/node12": {
+      "version": "1.0.7",
+      "resolved": "https://registry.npmjs.org/@tsconfig/node12/-/node12-1.0.7.tgz",
+      "integrity": "sha512-dgasobK/Y0wVMswcipr3k0HpevxFJLijN03A8mYfEPvWvOs14v0ZlYTR4kIgMx8g4+fTyTFv8/jLCIfRqLDJ4A==",
+      "dev": true
+    },
+    "@tsconfig/node14": {
+      "version": "1.0.0",
+      "resolved": "https://registry.npmjs.org/@tsconfig/node14/-/node14-1.0.0.tgz",
+      "integrity": "sha512-RKkL8eTdPv6t5EHgFKIVQgsDapugbuOptNd9OOunN/HAkzmmTnZELx1kNCK0rSdUYGmiFMM3rRQMAWiyp023LQ==",
+      "dev": true
+    },
+    "@tsconfig/node16": {
+      "version": "1.0.1",
+      "resolved": "https://registry.npmjs.org/@tsconfig/node16/-/node16-1.0.1.tgz",
+      "integrity": "sha512-FTgBI767POY/lKNDNbIzgAX6miIDBs6NTCbdlDb8TrWovHsSvaVIZDlTqym29C6UqhzwcJx4CYr+AlrMywA0cA==",
+      "dev": true
+    },
     "@types/bn.js": {
       "version": "5.1.0",
       "resolved": "https://registry.npmjs.org/@types/bn.js/-/bn.js-5.1.0.tgz",
@@ -34613,11 +34680,15 @@
       "dev": true
     },
     "ts-node": {
-      "version": "9.1.1",
-      "resolved": "https://registry.npmjs.org/ts-node/-/ts-node-9.1.1.tgz",
-      "integrity": "sha512-hPlt7ZACERQGf03M253ytLY3dHbGNGrAq9qIHWUY9XHYl1z7wYngSr3OQ5xmui8o2AaxsONxIzjafLUiWBo1Fg==",
+      "version": "10.0.0",
+      "resolved": "https://registry.npmjs.org/ts-node/-/ts-node-10.0.0.tgz",
+      "integrity": "sha512-ROWeOIUvfFbPZkoDis0L/55Fk+6gFQNZwwKPLinacRl6tsxstTF1DbAcLKkovwnpKMVvOMHP1TIbnwXwtLg1gg==",
       "dev": true,
       "requires": {
+        "@tsconfig/node10": "^1.0.7",
+        "@tsconfig/node12": "^1.0.7",
+        "@tsconfig/node14": "^1.0.0",
+        "@tsconfig/node16": "^1.0.1",
         "arg": "^4.1.0",
         "create-require": "^1.1.0",
         "diff": "^4.0.1",
diff --git a/web3.js/package.json b/web3.js/package.json
index f8a61f6ad0..02025afe2e 100644
--- a/web3.js/package.json
+++ b/web3.js/package.json
@@ -134,7 +134,7 @@
     "semantic-release": "^17.0.2",
     "sinon": "^10.0.0",
     "start-server-and-test": "^1.12.0",
-    "ts-node": "^9.1.1",
+    "ts-node": "^10.0.0",
     "tslib": "^2.1.0",
     "typedoc": "^0.20.31",
     "typescript": "^4.1.5"