diff --git a/.yarn/patches/@metamask-assets-controllers-patch-d6ed5f8213.patch b/.yarn/patches/@metamask-assets-controllers-patch-d6ed5f8213.patch
new file mode 100644
index 000000000000..02e6d3f694e5
--- /dev/null
+++ b/.yarn/patches/@metamask-assets-controllers-patch-d6ed5f8213.patch
@@ -0,0 +1,61 @@
+diff --git a/dist/multicall.cjs b/dist/multicall.cjs
+index bf9aa5e86573fc1651f421cc0b64f5af121c3ab2..43a0531ed86cd3ee1774dcda3f990dd40f7f52de 100644
+--- a/dist/multicall.cjs
++++ b/dist/multicall.cjs
+@@ -342,9 +342,22 @@ const multicallOrFallback = async (calls, chainId, provider, maxCallsPerMultical
+         return [];
+     }
+     const multicallAddress = MULTICALL_CONTRACT_BY_CHAINID[chainId];
+-    return await (multicallAddress
+-        ? multicall(calls, multicallAddress, provider, maxCallsPerMulticall)
+-        : fallback(calls, maxCallsParallel));
++    if (multicallAddress) {
++        try {
++            return await multicall(calls, multicallAddress, provider, maxCallsPerMulticall);
++        }
++        catch (error) {
++            // Fallback only on revert
++            // https://docs.ethers.org/v5/troubleshooting/errors/#help-CALL_EXCEPTION
++            if (!error ||
++                typeof error !== 'object' ||
++                !('code' in error) ||
++                error.code !== 'CALL_EXCEPTION') {
++                throw error;
++            }
++        }
++    }
++    return await fallback(calls, maxCallsParallel);
+ };
+ exports.multicallOrFallback = multicallOrFallback;
+ //# sourceMappingURL=multicall.cjs.map
+\ No newline at end of file
+diff --git a/dist/multicall.mjs b/dist/multicall.mjs
+index 8fbe0112303d5df1d868e0357a9d31e43a3b6cf9..860dfdbddd813659cb2be5f7faed5d4016db5966 100644
+--- a/dist/multicall.mjs
++++ b/dist/multicall.mjs
+@@ -339,8 +339,21 @@ export const multicallOrFallback = async (calls, chainId, provider, maxCallsPerM
+         return [];
+     }
+     const multicallAddress = MULTICALL_CONTRACT_BY_CHAINID[chainId];
+-    return await (multicallAddress
+-        ? multicall(calls, multicallAddress, provider, maxCallsPerMulticall)
+-        : fallback(calls, maxCallsParallel));
++    if (multicallAddress) {
++        try {
++            return await multicall(calls, multicallAddress, provider, maxCallsPerMulticall);
++        }
++        catch (error) {
++            // Fallback only on revert
++            // https://docs.ethers.org/v5/troubleshooting/errors/#help-CALL_EXCEPTION
++            if (!error ||
++                typeof error !== 'object' ||
++                !('code' in error) ||
++                error.code !== 'CALL_EXCEPTION') {
++                throw error;
++            }
++        }
++    }
++    return await fallback(calls, maxCallsParallel);
+ };
+ //# sourceMappingURL=multicall.mjs.map
+\ No newline at end of file
diff --git a/app/scripts/migrations/133.2.test.ts b/app/scripts/migrations/133.2.test.ts
new file mode 100644
index 000000000000..18251d8f4b2b
--- /dev/null
+++ b/app/scripts/migrations/133.2.test.ts
@@ -0,0 +1,185 @@
+import { migrate, version } from './133.2';
+
+const oldVersion = 133.1;
+
+describe(`migration #${version}`, () => {
+  it('updates the version metadata', async () => {
+    const oldStorage = {
+      meta: { version: oldVersion },
+      data: {},
+    };
+    const newStorage = await migrate(oldStorage);
+    expect(newStorage.meta).toStrictEqual({ version });
+  });
+
+  it('does nothing if theres no tokens controller state defined', async () => {
+    const oldStorage = {
+      meta: { version: oldVersion },
+      data: {},
+    };
+    const newStorage = await migrate(oldStorage);
+    expect(newStorage.data).toStrictEqual(oldStorage.data);
+  });
+
+  it('does nothing if theres empty tokens controller state', async () => {
+    const oldStorage = {
+      meta: { version: oldVersion },
+      data: {
+        TokensController: {},
+      },
+    };
+    const newStorage = await migrate(oldStorage);
+    expect(newStorage.data).toStrictEqual(oldStorage.data);
+  });
+
+  it('does nothing if theres empty tokens controller state for allTokens', async () => {
+    const oldStorage = {
+      meta: { version: oldVersion },
+      data: {
+        TokensController: {
+          allTokens: {},
+        },
+      },
+    };
+    const newStorage = await migrate(oldStorage);
+    expect(newStorage.data).toStrictEqual(oldStorage.data);
+  });
+
+  it('does nothing if theres empty tokens controller state for mainnet', async () => {
+    const oldStorage = {
+      meta: { version: oldVersion },
+      data: {
+        TokensController: {
+          allTokens: {
+            '0x1': {},
+          },
+        },
+      },
+    };
+    const newStorage = await migrate(oldStorage);
+    expect(newStorage.data).toStrictEqual(oldStorage.data);
+  });
+
+  it('Does nothing if theres no tokens with empty address', async () => {
+    const oldStorage = {
+      meta: { version: oldVersion },
+      data: {
+        TokensController: {
+          allTokens: {
+            '0x1': {
+              '0x123': [
+                { address: '0x1', symbol: 'TOKEN1', decimals: 18 },
+                { address: '0x2', symbol: 'TOKEN2', decimals: 18 },
+              ],
+              '0x123456': [
+                { address: '0x3', symbol: 'TOKEN3', decimals: 18 },
+                { address: '0x4', symbol: 'TOKEN4', decimals: 18 },
+              ],
+            },
+          },
+        },
+      },
+    };
+    const newStorage = await migrate(oldStorage);
+    expect(newStorage.data).toStrictEqual(oldStorage.data);
+  });
+
+  it('Removes tokens with empty address', async () => {
+    const oldStorage = {
+      meta: { version: oldVersion },
+      data: {
+        TokensController: {
+          allTokens: {
+            '0x1': {
+              '0x123': [
+                {
+                  address: '0x0000000000000000000000000000000000000000',
+                  symbol: 'eth',
+                  decimals: 18,
+                },
+                { address: '0x2', symbol: 'TOKEN2', decimals: 18 },
+              ],
+            },
+          },
+        },
+      },
+    };
+    const newStorage = await migrate(oldStorage);
+    expect(newStorage.data).toStrictEqual({
+      TokensController: {
+        allTokens: {
+          '0x1': {
+            '0x123': [{ address: '0x2', symbol: 'TOKEN2', decimals: 18 }],
+          },
+        },
+      },
+    });
+  });
+
+  it('Removes tokens with empty address across multiple accounts', async () => {
+    const oldStorage = {
+      meta: { version: oldVersion },
+      data: {
+        TokensController: {
+          allTokens: {
+            '0x1': {
+              '0x123': [
+                {
+                  address: '0x0000000000000000000000000000000000000000',
+                  symbol: 'eth',
+                  decimals: 18,
+                },
+                { address: '0x2', symbol: 'TOKEN2', decimals: 18 },
+              ],
+              '0x456': [
+                {
+                  address: '0x0000000000000000000000000000000000000000',
+                  symbol: 'eth',
+                  decimals: 18,
+                },
+                { address: '0x3', symbol: 'TOKEN3', decimals: 18 },
+              ],
+              '0x789': [{ address: '0x4', symbol: 'TOKEN4', decimals: 18 }],
+            },
+          },
+        },
+      },
+    };
+    const newStorage = await migrate(oldStorage);
+    expect(newStorage.data).toStrictEqual({
+      TokensController: {
+        allTokens: {
+          '0x1': {
+            '0x123': [{ address: '0x2', symbol: 'TOKEN2', decimals: 18 }],
+            '0x456': [{ address: '0x3', symbol: 'TOKEN3', decimals: 18 }],
+            '0x789': [{ address: '0x4', symbol: 'TOKEN4', decimals: 18 }],
+          },
+        },
+      },
+    });
+  });
+
+  it('Does not change state on chains other than mainnet', async () => {
+    const oldStorage = {
+      meta: { version: oldVersion },
+      data: {
+        TokensController: {
+          allTokens: {
+            '0x999': {
+              '0x123': [
+                {
+                  address: '0x0000000000000000000000000000000000000000',
+                  symbol: 'eth',
+                  decimals: 18,
+                },
+                { address: '0x2', symbol: 'TOKEN2', decimals: 18 },
+              ],
+            },
+          },
+        },
+      },
+    };
+    const newStorage = await migrate(oldStorage);
+    expect(newStorage.data).toStrictEqual(oldStorage.data);
+  });
+});
diff --git a/app/scripts/migrations/133.2.ts b/app/scripts/migrations/133.2.ts
new file mode 100644
index 000000000000..6ad8ff888cfd
--- /dev/null
+++ b/app/scripts/migrations/133.2.ts
@@ -0,0 +1,53 @@
+import { hasProperty, isObject } from '@metamask/utils';
+import { cloneDeep } from 'lodash';
+
+type VersionedData = {
+  meta: { version: number };
+  data: Record<string, unknown>;
+};
+
+export const version = 133.2;
+
+/**
+ * This migration removes tokens on mainnet with the
+ * zero address, since this is not a valid erc20 token.
+ *
+ * @param originalVersionedData - Versioned MetaMask extension state, exactly
+ * what we persist to disk.
+ * @returns Updated versioned MetaMask extension state.
+ */
+export async function migrate(
+  originalVersionedData: VersionedData,
+): Promise<VersionedData> {
+  const versionedData = cloneDeep(originalVersionedData);
+  versionedData.meta.version = version;
+  transformState(versionedData.data);
+  return versionedData;
+}
+
+function transformState(state: Record<string, unknown>): void {
+  if (
+    !hasProperty(state, 'TokensController') ||
+    !isObject(state.TokensController) ||
+    !isObject(state.TokensController.allTokens)
+  ) {
+    return;
+  }
+
+  const chainIds = ['0x1'];
+
+  for (const chainId of chainIds) {
+    const allTokensOnChain = state.TokensController.allTokens[chainId];
+
+    if (isObject(allTokensOnChain)) {
+      for (const [account, tokens] of Object.entries(allTokensOnChain)) {
+        if (Array.isArray(tokens)) {
+          allTokensOnChain[account] = tokens.filter(
+            (token) =>
+              token?.address !== '0x0000000000000000000000000000000000000000',
+          );
+        }
+      }
+    }
+  }
+}
diff --git a/app/scripts/migrations/index.js b/app/scripts/migrations/index.js
index 6673d1e62d2f..8700b833d8de 100644
--- a/app/scripts/migrations/index.js
+++ b/app/scripts/migrations/index.js
@@ -156,6 +156,7 @@ const migrations = [
   require('./132'),
   require('./133'),
   require('./133.1'),
+  require('./133.2'),
   require('./134'),
 ];
 
diff --git a/package.json b/package.json
index 71373b3f12c7..4534c2c15c2f 100644
--- a/package.json
+++ b/package.json
@@ -286,7 +286,7 @@
     "@metamask/address-book-controller": "^6.0.0",
     "@metamask/announcement-controller": "^7.0.0",
     "@metamask/approval-controller": "^7.0.0",
-    "@metamask/assets-controllers": "patch:@metamask/assets-controllers@npm%3A45.1.0#~/.yarn/patches/@metamask-assets-controllers-npm-45.1.0-d914c453f0.patch",
+    "@metamask/assets-controllers": "patch:@metamask/assets-controllers@patch%3A@metamask/assets-controllers@npm%253A45.1.0%23~/.yarn/patches/@metamask-assets-controllers-npm-45.1.0-d914c453f0.patch%3A%3Aversion=45.1.0&hash=cfcadc#~/.yarn/patches/@metamask-assets-controllers-patch-d6ed5f8213.patch",
     "@metamask/base-controller": "^7.0.0",
     "@metamask/bitcoin-wallet-snap": "^0.8.2",
     "@metamask/browser-passworder": "^4.3.0",
diff --git a/yarn.lock b/yarn.lock
index d10097abd78e..ed1c8a1de350 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -4983,7 +4983,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@metamask/assets-controllers@patch:@metamask/assets-controllers@npm%3A45.1.0#~/.yarn/patches/@metamask-assets-controllers-npm-45.1.0-d914c453f0.patch":
+"@metamask/assets-controllers@patch:@metamask/assets-controllers@npm%3A45.1.0#~/.yarn/patches/@metamask-assets-controllers-npm-45.1.0-d914c453f0.patch::version=45.1.0&hash=cfcadc":
   version: 45.1.0
   resolution: "@metamask/assets-controllers@patch:@metamask/assets-controllers@npm%3A45.1.0#~/.yarn/patches/@metamask-assets-controllers-npm-45.1.0-d914c453f0.patch::version=45.1.0&hash=cfcadc"
   dependencies:
@@ -5022,6 +5022,45 @@ __metadata:
   languageName: node
   linkType: hard
 
+"@metamask/assets-controllers@patch:@metamask/assets-controllers@patch%3A@metamask/assets-controllers@npm%253A45.1.0%23~/.yarn/patches/@metamask-assets-controllers-npm-45.1.0-d914c453f0.patch%3A%3Aversion=45.1.0&hash=cfcadc#~/.yarn/patches/@metamask-assets-controllers-patch-d6ed5f8213.patch":
+  version: 45.1.0
+  resolution: "@metamask/assets-controllers@patch:@metamask/assets-controllers@patch%3A@metamask/assets-controllers@npm%253A45.1.0%23~/.yarn/patches/@metamask-assets-controllers-npm-45.1.0-d914c453f0.patch%3A%3Aversion=45.1.0&hash=cfcadc#~/.yarn/patches/@metamask-assets-controllers-patch-d6ed5f8213.patch::version=45.1.0&hash=4e79dd"
+  dependencies:
+    "@ethereumjs/util": "npm:^8.1.0"
+    "@ethersproject/abi": "npm:^5.7.0"
+    "@ethersproject/address": "npm:^5.7.0"
+    "@ethersproject/bignumber": "npm:^5.7.0"
+    "@ethersproject/contracts": "npm:^5.7.0"
+    "@ethersproject/providers": "npm:^5.7.0"
+    "@metamask/abi-utils": "npm:^2.0.3"
+    "@metamask/base-controller": "npm:^7.0.2"
+    "@metamask/contract-metadata": "npm:^2.4.0"
+    "@metamask/controller-utils": "npm:^11.4.3"
+    "@metamask/eth-query": "npm:^4.0.0"
+    "@metamask/metamask-eth-abis": "npm:^3.1.1"
+    "@metamask/polling-controller": "npm:^12.0.1"
+    "@metamask/rpc-errors": "npm:^7.0.1"
+    "@metamask/utils": "npm:^10.0.0"
+    "@types/bn.js": "npm:^5.1.5"
+    "@types/uuid": "npm:^8.3.0"
+    async-mutex: "npm:^0.5.0"
+    bn.js: "npm:^5.2.1"
+    cockatiel: "npm:^3.1.2"
+    immer: "npm:^9.0.6"
+    lodash: "npm:^4.17.21"
+    multiformats: "npm:^13.1.0"
+    single-call-balance-checker-abi: "npm:^1.0.0"
+    uuid: "npm:^8.3.2"
+  peerDependencies:
+    "@metamask/accounts-controller": ^20.0.0
+    "@metamask/approval-controller": ^7.0.0
+    "@metamask/keyring-controller": ^19.0.0
+    "@metamask/network-controller": ^22.0.0
+    "@metamask/preferences-controller": ^15.0.0
+  checksum: 10/26260472e67d0995b3730870fed99ba081c421ea64e8ca70f02ca8184fb9350fd2c607b75f45507743ba73d7336e831cc55a7aaf9a32f569a58eb7abb9275451
+  languageName: node
+  linkType: hard
+
 "@metamask/auto-changelog@npm:^2.1.0":
   version: 2.6.1
   resolution: "@metamask/auto-changelog@npm:2.6.1"
@@ -26540,7 +26579,7 @@ __metadata:
     "@metamask/announcement-controller": "npm:^7.0.0"
     "@metamask/api-specs": "npm:^0.9.3"
     "@metamask/approval-controller": "npm:^7.0.0"
-    "@metamask/assets-controllers": "patch:@metamask/assets-controllers@npm%3A45.1.0#~/.yarn/patches/@metamask-assets-controllers-npm-45.1.0-d914c453f0.patch"
+    "@metamask/assets-controllers": "patch:@metamask/assets-controllers@patch%3A@metamask/assets-controllers@npm%253A45.1.0%23~/.yarn/patches/@metamask-assets-controllers-npm-45.1.0-d914c453f0.patch%3A%3Aversion=45.1.0&hash=cfcadc#~/.yarn/patches/@metamask-assets-controllers-patch-d6ed5f8213.patch"
     "@metamask/auto-changelog": "npm:^2.1.0"
     "@metamask/base-controller": "npm:^7.0.0"
     "@metamask/bitcoin-wallet-snap": "npm:^0.8.2"