diff --git a/accounts/scwallet/wallet.go b/accounts/scwallet/wallet.go
index 7612953c22f..c76794c35c0 100644
--- a/accounts/scwallet/wallet.go
+++ b/accounts/scwallet/wallet.go
@@ -617,7 +617,6 @@ func (w *Wallet) Contains(account accounts.Account) bool {
 
 // Initialize installs a keypair generated from the provided key into the wallet.
 func (w *Wallet) Initialize(seed []byte) error {
-	go w.selfDerive()
 	// DO NOT lock at this stage, as the initialize
 	// function relies on Status()
 	return w.session.initialize(seed)