diff --git a/drongo b/drongo
index 312143cb..e20501d9 160000
--- a/drongo
+++ b/drongo
@@ -1 +1 @@
-Subproject commit 312143cb611fefce4e75654266f90cfd3b37b09e
+Subproject commit e20501d95422bb4ef76002cb7a42c46b856143d9
diff --git a/src/main/java/com/sparrowwallet/sparrow/AppController.java b/src/main/java/com/sparrowwallet/sparrow/AppController.java
index 8888e0a5..bfc13981 100644
--- a/src/main/java/com/sparrowwallet/sparrow/AppController.java
+++ b/src/main/java/com/sparrowwallet/sparrow/AppController.java
@@ -247,7 +247,7 @@ public class AppController implements Initializable {
                     }
 
                     password = optionalPassword.get();
-                    ECKey encryptionFullKey = ECIESKeyCrypter.deriveECKey(password);
+                    ECKey encryptionFullKey = Pbkdf2KeyDeriver.DEFAULT_INSTANCE.deriveECKey(password);
                     wallet = Storage.getStorage().loadWallet(file, encryptionFullKey);
                     encryptionPubKey = ECKey.fromPublicOnly(encryptionFullKey);
                 } else {
diff --git a/src/main/java/com/sparrowwallet/sparrow/io/ECIESInputStream.java b/src/main/java/com/sparrowwallet/sparrow/io/ECIESInputStream.java
index 082d940a..c152ddab 100644
--- a/src/main/java/com/sparrowwallet/sparrow/io/ECIESInputStream.java
+++ b/src/main/java/com/sparrowwallet/sparrow/io/ECIESInputStream.java
@@ -43,7 +43,7 @@ public class ECIESInputStream extends FilterInputStream {
             byte[] encryptedBytes = ByteStreams.toByteArray(in);
             in.close();
             ECIESKeyCrypter keyCrypter = new ECIESKeyCrypter();
-            byte[] decryptedBytes = keyCrypter.decrypt(new EncryptedData(encryptionMagic, encryptedBytes, null), decryptionKey);
+            byte[] decryptedBytes = keyCrypter.decrypt(new EncryptedData(encryptionMagic, encryptedBytes, null, null), decryptionKey);
             in = new ByteArrayInputStream(decryptedBytes);
             decrypted = true;
         }
diff --git a/src/main/java/com/sparrowwallet/sparrow/io/Electrum.java b/src/main/java/com/sparrowwallet/sparrow/io/Electrum.java
index 4f6fb9da..cb763a94 100644
--- a/src/main/java/com/sparrowwallet/sparrow/io/Electrum.java
+++ b/src/main/java/com/sparrowwallet/sparrow/io/Electrum.java
@@ -56,7 +56,7 @@ public class Electrum implements KeystoreFileImport, WalletImport, WalletExport
     public Wallet importWallet(InputStream inputStream, String password) throws ImportException {
         Reader reader;
         if(password != null) {
-            ECKey decryptionKey = ECIESKeyCrypter.deriveECKey(password);
+            ECKey decryptionKey = Pbkdf2KeyDeriver.DEFAULT_INSTANCE.deriveECKey(password);
             reader = new InputStreamReader(new InflaterInputStream(new ECIESInputStream(inputStream, decryptionKey)));
         } else {
             reader = new InputStreamReader(inputStream);
@@ -163,9 +163,15 @@ public class Electrum implements KeystoreFileImport, WalletImport, WalletExport
     }
 
     private String decrypt(String encrypted, String password) {
-        byte[] passwordHash = Utils.sha256sha256(password.getBytes(StandardCharsets.UTF_8));
+        KeyDeriver keyDeriver = new DoubleSha256KeyDeriver();
+        Key key = keyDeriver.deriveKey(password);
         byte[] encryptedBytes = Base64.getDecoder().decode(encrypted);
-        byte[] decrypted = Utils.decryptAesCbcPkcs7(Arrays.copyOfRange(encryptedBytes, 0, 16), Arrays.copyOfRange(encryptedBytes, 16, encryptedBytes.length), passwordHash);
+
+        KeyCrypter keyCrypter = new AESKeyCrypter();
+        byte[] initializationVector = Arrays.copyOfRange(encryptedBytes, 0, 16);
+        byte[] cipher = Arrays.copyOfRange(encryptedBytes, 16, encryptedBytes.length);
+        EncryptedData data = new EncryptedData(initializationVector, cipher, null, keyDeriver.getDeriverType(), keyCrypter.getCrypterType());
+        byte[] decrypted = keyCrypter.decrypt(data, key);
         return new String(decrypted, StandardCharsets.UTF_8);
     }
 
diff --git a/src/main/java/com/sparrowwallet/sparrow/wallet/SettingsController.java b/src/main/java/com/sparrowwallet/sparrow/wallet/SettingsController.java
index 9ee4d041..5cff1f6b 100644
--- a/src/main/java/com/sparrowwallet/sparrow/wallet/SettingsController.java
+++ b/src/main/java/com/sparrowwallet/sparrow/wallet/SettingsController.java
@@ -1,8 +1,8 @@
 package com.sparrowwallet.sparrow.wallet;
 
 import com.google.common.eventbus.Subscribe;
-import com.sparrowwallet.drongo.crypto.ECIESKeyCrypter;
 import com.sparrowwallet.drongo.crypto.ECKey;
+import com.sparrowwallet.drongo.crypto.Pbkdf2KeyDeriver;
 import com.sparrowwallet.drongo.policy.Policy;
 import com.sparrowwallet.drongo.policy.PolicyType;
 import com.sparrowwallet.drongo.protocol.ScriptType;
@@ -273,7 +273,7 @@ public class SettingsController extends WalletFormController implements Initiali
                 return Optional.of(WalletForm.NO_PASSWORD_KEY);
             }
 
-            ECKey encryptionFullKey = ECIESKeyCrypter.deriveECKey(password.get());
+            ECKey encryptionFullKey = Pbkdf2KeyDeriver.DEFAULT_INSTANCE.deriveECKey(password.get());
             ECKey encryptionPubKey = ECKey.fromPublicOnly(encryptionFullKey);
 
             if(existingPubKey != null && !WalletForm.NO_PASSWORD_KEY.equals(existingPubKey) && !existingPubKey.equals(encryptionPubKey)) {
diff --git a/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java b/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java
index 4d7c5616..16da437f 100644
--- a/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java
+++ b/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java
@@ -1,7 +1,7 @@
 package com.sparrowwallet.sparrow.wallet;
 
-import com.sparrowwallet.drongo.crypto.ECIESKeyCrypter;
 import com.sparrowwallet.drongo.crypto.ECKey;
+import com.sparrowwallet.drongo.crypto.Pbkdf2KeyDeriver;
 import com.sparrowwallet.drongo.wallet.Wallet;
 import com.sparrowwallet.sparrow.io.Storage;
 
@@ -9,7 +9,7 @@ import java.io.File;
 import java.io.IOException;
 
 public class WalletForm {
-    public static final ECKey NO_PASSWORD_KEY = ECKey.fromPublicOnly(ECIESKeyCrypter.deriveECKey(""));
+    public static final ECKey NO_PASSWORD_KEY = ECKey.fromPublicOnly(Pbkdf2KeyDeriver.DEFAULT_INSTANCE.deriveECKey(""));
 
     private final File walletFile;
     private ECKey encryptionPubKey;
diff --git a/src/test/java/com/sparrowwallet/sparrow/io/StorageTest.java b/src/test/java/com/sparrowwallet/sparrow/io/StorageTest.java
index 6bf43ab0..1b3c0302 100644
--- a/src/test/java/com/sparrowwallet/sparrow/io/StorageTest.java
+++ b/src/test/java/com/sparrowwallet/sparrow/io/StorageTest.java
@@ -3,6 +3,7 @@ package com.sparrowwallet.sparrow.io;
 import com.sparrowwallet.drongo.Utils;
 import com.sparrowwallet.drongo.crypto.ECIESKeyCrypter;
 import com.sparrowwallet.drongo.crypto.ECKey;
+import com.sparrowwallet.drongo.crypto.Pbkdf2KeyDeriver;
 import com.sparrowwallet.drongo.policy.PolicyType;
 import com.sparrowwallet.drongo.protocol.ScriptType;
 import com.sparrowwallet.drongo.wallet.MnemonicException;
@@ -15,14 +16,14 @@ import java.io.*;
 public class StorageTest extends IoTest {
     @Test
     public void loadWallet() throws IOException {
-        ECKey decryptionKey = ECIESKeyCrypter.deriveECKey("pass");
+        ECKey decryptionKey = Pbkdf2KeyDeriver.DEFAULT_INSTANCE.deriveECKey("pass");
         Wallet wallet = Storage.getStorage().loadWallet(getFile("sparrow-single-wallet"), decryptionKey);
         Assert.assertTrue(wallet.isValid());
     }
 
     @Test
     public void loadSeedWallet() throws IOException, MnemonicException {
-        ECKey decryptionKey = ECIESKeyCrypter.deriveECKey("pass");
+        ECKey decryptionKey = Pbkdf2KeyDeriver.DEFAULT_INSTANCE.deriveECKey("pass");
 
         Wallet wallet = Storage.getStorage().loadWallet(getFile("sparrow-single-seed-wallet"), decryptionKey);
         Assert.assertTrue(wallet.isValid());
@@ -41,7 +42,7 @@ public class StorageTest extends IoTest {
 
     @Test
     public void saveWallet() throws IOException {
-        ECKey decryptionKey = ECIESKeyCrypter.deriveECKey("pass");
+        ECKey decryptionKey = Pbkdf2KeyDeriver.DEFAULT_INSTANCE.deriveECKey("pass");
         Wallet wallet = Storage.getStorage().loadWallet(getFile("sparrow-single-wallet"), decryptionKey);
         Assert.assertTrue(wallet.isValid());