diff --git a/services/wallet/thirdparty/activity/alchemy/client.go b/services/wallet/thirdparty/activity/alchemy/client.go
index c1e68cfe547..e7561bd2fe5 100644
--- a/services/wallet/thirdparty/activity/alchemy/client.go
+++ b/services/wallet/thirdparty/activity/alchemy/client.go
@@ -103,7 +103,11 @@ func (c *Client) FetchTransfers(ctx context.Context, chainID uint64, parameters
 			if err != nil {
 				return nil, nextCursor, err
 			}
-			responseTransfers = append(responseTransfers, tmpResponse.Transfers...)
+			for _, t := range tmpResponse.Transfers {
+				if t.IsValid() {
+					responseTransfers = append(responseTransfers, t)
+				}
+			}
 			if tmpResponse.PageKey == "" {
 				outgoingCursor = ""
 				outgoingDone = true
@@ -121,7 +125,11 @@ func (c *Client) FetchTransfers(ctx context.Context, chainID uint64, parameters
 			if err != nil {
 				return nil, nextCursor, err
 			}
-			responseTransfers = append(responseTransfers, tmpResponse.Transfers...)
+			for _, t := range tmpResponse.Transfers {
+				if t.IsValid() {
+					responseTransfers = append(responseTransfers, t)
+				}
+			}
 			if tmpResponse.PageKey == "" {
 				incomingCursor = ""
 				incomingDone = true
diff --git a/services/wallet/thirdparty/activity/alchemy/types.go b/services/wallet/thirdparty/activity/alchemy/types.go
index 3de4e79c34b..1e228d82d11 100644
--- a/services/wallet/thirdparty/activity/alchemy/types.go
+++ b/services/wallet/thirdparty/activity/alchemy/types.go
@@ -78,6 +78,31 @@ func (t Transfer) IsIncoming(accountAddress common.Address) bool {
 	return t.FromAddress != accountAddress
 }
 
+func (t Transfer) IsValid() bool {
+	if t.BlockNum == nil {
+		return false
+	}
+	switch t.Category {
+	case TransferCategoryExternal:
+		return t.RawContract.Value != nil
+	case TransferCategoryErc20:
+		return t.RawContract.Address != nil && t.RawContract.Value != nil
+	case TransferCategoryErc721:
+		return t.TokenID != nil && t.RawContract.Address != nil
+	case TransferCategoryErc1155:
+		if t.RawContract.Address == nil || len(t.Erc1155Metadata) == 0 {
+			return false
+		}
+		for _, m := range t.Erc1155Metadata {
+			if m.TokenID == nil || m.Value == nil {
+				return false
+			}
+		}
+		return true
+	}
+	return true
+}
+
 type Erc1155Metadata struct {
 	TokenID *bigint.VarHexBigInt `json:"tokenId"`
 	Value   *bigint.VarHexBigInt `json:"value"`
diff --git a/services/wallet/thirdparty/activity/alchemy/types_test.go b/services/wallet/thirdparty/activity/alchemy/types_test.go
index 8f78c383d1b..de4435fa702 100644
--- a/services/wallet/thirdparty/activity/alchemy/types_test.go
+++ b/services/wallet/thirdparty/activity/alchemy/types_test.go
@@ -49,3 +49,186 @@ func TestTransferToCommon(t *testing.T) {
 		require.Equal(t, result[i], len(commonResponse))
 	}
 }
+
+var malformedErc721Response = `{
+	"transfers": [{
+		"blockNum": "0x6a7f8e",
+		"uniqueId": "0x0e0c4834de556d22a03c1727435f88fb38cefd7c67ee0ab98c6aa1ccfb19a7cb:log:66",
+		"hash": "0x0e0c4834de556d22a03c1727435f88fb38cefd7c67ee0ab98c6aa1ccfb19a7cb",
+		"from": "0xa1e277ea6b97effc5b61b3bf5de03f438981247e",
+		"to": "0x0adb6caa256a5375c638c00e2ff80a9ac1b2d3a7",
+		"value": null,
+		"erc721TokenId": null,
+		"erc1155Metadata": null,
+		"tokenId": null,
+		"asset": "FA721",
+		"category": "erc721",
+		"rawContract": {
+			"value": null,
+			"address": "0x9f64932be34d5d897c4253d17707b50921f372b6",
+			"decimal": null
+		},
+		"metadata": {
+			"blockTimestamp": "2024-10-30T22:40:00.000Z"
+		}
+	}]
+}`
+
+var malformedErc1155Response = `{
+	"transfers": [{
+		"blockNum": "0x6a7f93",
+		"uniqueId": "0xde60d8ac4248630da5ec7f1547e55b64f432204799c16b44384e493590cd5a70:log:68",
+		"hash": "0xde60d8ac4248630da5ec7f1547e55b64f432204799c16b44384e493590cd5a70",
+		"from": "0xa1e277ea6b97effc5b61b3bf5de03f438981247e",
+		"to": "0x0adb6caa256a5375c638c00e2ff80a9ac1b2d3a7",
+		"value": null,
+		"erc721TokenId": null,
+		"erc1155Metadata": [
+			{
+				"tokenId": null,
+				"value": "0x01"
+			}
+		],
+		"tokenId": null,
+		"asset": "FA1155",
+		"category": "erc1155",
+		"rawContract": {
+			"value": null,
+			"address": "0x1ed60fedff775d500dde21a974cd4e92e0047cc8",
+			"decimal": null
+		},
+		"metadata": {
+			"blockTimestamp": "2024-10-30T22:41:00.000Z"
+		}
+	}]
+}`
+
+var erc20NullAddress = `{
+	"transfers": [{
+		"blockNum": "0x100",
+		"uniqueId": "test:erc20:null:address",
+		"hash": "0x1234567890123456789012345678901234567890123456789012345678901234",
+		"from": "0xa1e277ea6b97effc5b61b3bf5de03f438981247e",
+		"to": "0x0adb6caa256a5375c638c00e2ff80a9ac1b2d3a7",
+		"category": "erc20",
+		"rawContract": {
+			"value": "0x100",
+			"address": null
+		},
+		"metadata": {
+			"blockTimestamp": "2024-10-30T22:40:00.000Z"
+		}
+	}]
+}`
+
+var erc721NullAddress = `{
+	"transfers": [{
+		"blockNum": "0x100",
+		"uniqueId": "test:erc721:null:address",
+		"hash": "0x1234567890123456789012345678901234567890123456789012345678901234",
+		"from": "0xa1e277ea6b97effc5b61b3bf5de03f438981247e",
+		"to": "0x0adb6caa256a5375c638c00e2ff80a9ac1b2d3a7",
+		"category": "erc721",
+		"tokenId": "0x1",
+		"rawContract": {
+			"value": null,
+			"address": null
+		},
+		"metadata": {
+			"blockTimestamp": "2024-10-30T22:40:00.000Z"
+		}
+	}]
+}`
+
+var erc1155NullAddress = `{
+	"transfers": [{
+		"blockNum": "0x100",
+		"uniqueId": "test:erc1155:null:address",
+		"hash": "0x1234567890123456789012345678901234567890123456789012345678901234",
+		"from": "0xa1e277ea6b97effc5b61b3bf5de03f438981247e",
+		"to": "0x0adb6caa256a5375c638c00e2ff80a9ac1b2d3a7",
+		"category": "erc1155",
+		"erc1155Metadata": [{"tokenId": "0x1", "value": "0x1"}],
+		"rawContract": {
+			"value": null,
+			"address": null
+		},
+		"metadata": {
+			"blockTimestamp": "2024-10-30T22:40:00.000Z"
+		}
+	}]
+}`
+
+var externalNullValue = `{
+	"transfers": [{
+		"blockNum": "0x100",
+		"uniqueId": "test:external:null:value",
+		"hash": "0x1234567890123456789012345678901234567890123456789012345678901234",
+		"from": "0xa1e277ea6b97effc5b61b3bf5de03f438981247e",
+		"to": "0x0adb6caa256a5375c638c00e2ff80a9ac1b2d3a7",
+		"category": "external",
+		"rawContract": {
+			"value": null,
+			"address": null
+		},
+		"metadata": {
+			"blockTimestamp": "2024-10-30T22:40:00.000Z"
+		}
+	}]
+}`
+
+var nullBlockNum = `{
+	"transfers": [{
+		"blockNum": null,
+		"uniqueId": "test:null:blocknum",
+		"hash": "0x1234567890123456789012345678901234567890123456789012345678901234",
+		"from": "0xa1e277ea6b97effc5b61b3bf5de03f438981247e",
+		"to": "0x0adb6caa256a5375c638c00e2ff80a9ac1b2d3a7",
+		"category": "external",
+		"rawContract": {
+			"value": "0x100",
+			"address": null
+		},
+		"metadata": {
+			"blockTimestamp": "2024-10-30T22:40:00.000Z"
+		}
+	}]
+}`
+
+func TestMalformedAlchemyResponses(t *testing.T) {
+	testCases := []struct {
+		name string
+		data string
+	}{
+		{"empty transfers array", `{"transfers": []}`},
+		{"missing transfers field", `{}`},
+		{"ERC721 with nil tokenId", malformedErc721Response},
+		{"ERC1155 with nil tokenId", malformedErc1155Response},
+		{"ERC20 with null rawContract.address", erc20NullAddress},
+		{"ERC721 with null rawContract.address", erc721NullAddress},
+		{"ERC1155 with null rawContract.address", erc1155NullAddress},
+		{"external with null rawContract.value", externalNullValue},
+		{"null blockNum", nullBlockNum},
+	}
+
+	for _, tc := range testCases {
+		t.Run(tc.name, func(t *testing.T) {
+			var response alchemy.GetAssetTranfersResponse
+			err := json.Unmarshal([]byte(tc.data), &response)
+			require.NoError(t, err)
+
+			// Filter valid transfers (simulates what FetchTransfers does)
+			validTransfers := make([]alchemy.Transfer, 0)
+			for _, t := range response.Transfers {
+				if t.IsValid() {
+					validTransfers = append(validTransfers, t)
+				}
+			}
+
+			// Should not panic with filtered transfers
+			result := alchemy.TransfersToThirdpartyActivityEntries(
+				validTransfers, 1, common.HexToAddress("0xa1e277ea6b97effc5b61b3bf5de03f438981247e"))
+			require.NotNil(t, result)
+		})
+	}
+}