diff --git a/.yarn/patches/@metamask-keyring-controller-npm-7.2.0-fcc0c7893b.patch b/.yarn/patches/@metamask-keyring-controller-npm-7.4.0-5dd5df31c7.patch
similarity index 78%
rename from .yarn/patches/@metamask-keyring-controller-npm-7.2.0-fcc0c7893b.patch
rename to .yarn/patches/@metamask-keyring-controller-npm-7.4.0-5dd5df31c7.patch
index 956b9fe308f7..4b9ccd4f64d9 100644
--- a/.yarn/patches/@metamask-keyring-controller-npm-7.2.0-fcc0c7893b.patch
+++ b/.yarn/patches/@metamask-keyring-controller-npm-7.4.0-5dd5df31c7.patch
@@ -1,5 +1,5 @@
 diff --git a/dist/KeyringController.d.ts b/dist/KeyringController.d.ts
-index ccfd5ca9accf782b0a612ab1666501898cf2abb9..f772552156491b308f2aa29a734a5138237d951e 100644
+index d6d70eea2de56310b49fa9dcf1e90afae3ddb202..4518aed8e03376d76e5ab6ef0971529e65563fd3 100644
 --- a/dist/KeyringController.d.ts
 +++ b/dist/KeyringController.d.ts
 @@ -1,10 +1,11 @@
@@ -10,13 +10,12 @@ index ccfd5ca9accf782b0a612ab1666501898cf2abb9..f772552156491b308f2aa29a734a5138
  import { BaseControllerV2 } from '@metamask/base-controller';
  import type { PersonalMessageParams, TypedMessageParams } from '@metamask/message-manager';
  import type { PreferencesController } from '@metamask/preferences-controller';
--import { type Hex, type Keyring, type Json } from '@metamask/utils';
-+import type { Hex, Keyring, Json } from '@metamask/utils';
+ import type { Eip1024EncryptedData, Hex, Keyring, Json } from '@metamask/utils';
 +import type { KeyringController as EthKeyringController } from '@metamask/eth-keyring-controller';
  import type { Patch } from 'immer';
  declare const name = "KeyringController";
  /**
-@@ -135,6 +136,10 @@ export declare class KeyringController extends BaseControllerV2<typeof name, Key
+@@ -155,6 +156,10 @@ export declare class KeyringController extends BaseControllerV2<typeof name, Key
       * @param opts.state - Initial state to set on this controller.
       */
      constructor({ removeIdentity, syncIdentities, updateIdentities, setSelectedAddress, setAccountLabel, encryptor, keyringBuilders, cacheEncryptionKey, messenger, state, }: KeyringControllerOptions);
@@ -28,12 +27,12 @@ index ccfd5ca9accf782b0a612ab1666501898cf2abb9..f772552156491b308f2aa29a734a5138
       * Adds a new account to the default (first) HD seed phrase keyring.
       *
 diff --git a/dist/KeyringController.js b/dist/KeyringController.js
-index 9e241ba3b5445a053e3b20ee70a579118b7b2934..eb1f7bce9d3607017b39e087db227e8a7dadd849 100644
+index bce9884ea54bf8e24274dee3876db95ed862abf0..471a06b30f2275de821c33b7d94cb1de85b074c7 100644
 --- a/dist/KeyringController.js
 +++ b/dist/KeyringController.js
-@@ -153,6 +153,12 @@ class KeyringController extends base_controller_1.BaseControllerV2 {
-         this.setSelectedAddress = setSelectedAddress;
+@@ -154,6 +154,12 @@ class KeyringController extends base_controller_1.BaseControllerV2 {
          this.setAccountLabel = setAccountLabel;
+         __classPrivateFieldGet(this, _KeyringController_instances, "m", _KeyringController_registerMessageHandlers).call(this);
      }
 +    /**
 +     * Gets the internal keyring controller.
diff --git a/app/scripts/controllers/decrypt-message.test.ts b/app/scripts/controllers/decrypt-message.test.ts
index 032a15289a03..21235b30a94f 100644
--- a/app/scripts/controllers/decrypt-message.test.ts
+++ b/app/scripts/controllers/decrypt-message.test.ts
@@ -15,6 +15,8 @@ const messageMock = {
   type: 'testType',
   rawSig: undefined,
 } as any as AbstractMessage;
+const messageDataMock =
+  '0x7b2276657273696f6e223a227832353531392d7873616c736132302d706f6c7931333035222c226e6f6e6365223a226b45586143524c3045646142766f77756e35675979357175784a4a6967304548222c22657068656d5075626c69634b6579223a224863334636506d314734385a567955424763365866537839682b77784b6958587238456a51434253466e553d222c2263697068657274657874223a22546a41556b68554a5968656e7a2f655a6e57454a2b31456c7861354f77765939613830507a62746c7a7a48746934634175525941227d';
 
 const mockExtState = {};
 
@@ -52,7 +54,7 @@ const createDecryptMessageManagerMock = <T>() =>
     },
   } as any as jest.Mocked<T>);
 
-describe('EncryptionPublicKeyController', () => {
+describe('DecryptMessageController', () => {
   let decryptMessageController: DecryptMessageController;
 
   const decryptMessageManagerConstructorMock =
@@ -65,6 +67,19 @@ describe('EncryptionPublicKeyController', () => {
   const decryptMessageManagerMock =
     createDecryptMessageManagerMock<DecryptMessageManager>();
 
+  const mockMessengerAction = (
+    action: string,
+    callback: (actionName: string, ...args: any[]) => any,
+  ) => {
+    messengerMock.call.mockImplementation((actionName, ...rest) => {
+      if (actionName === action) {
+        return callback(actionName, ...rest);
+      }
+
+      return Promise.resolve();
+    });
+  };
+
   beforeEach(() => {
     jest.resetAllMocks();
 
@@ -116,12 +131,18 @@ describe('EncryptionPublicKeyController', () => {
   it('should decrypt message', async () => {
     const messageToDecrypt = {
       ...messageMock,
-      data: '0x7b22666f6f223a22626172227d',
+      data: messageDataMock,
     };
+    const decryptMessageActionCallbackMock = jest
+      .fn()
+      .mockReturnValue('decryptedMessage');
     decryptMessageManagerMock.approveMessage.mockResolvedValue(
       messageToDecrypt,
     );
-    keyringControllerMock.decryptMessage.mockResolvedValue('decryptedMessage');
+    mockMessengerAction(
+      'KeyringController:decryptMessage',
+      decryptMessageActionCallbackMock,
+    );
     getStateMock.mockReturnValue(mockExtState);
 
     const result = await decryptMessageController.decryptMessage(
@@ -132,8 +153,9 @@ describe('EncryptionPublicKeyController', () => {
     expect(decryptMessageManagerMock.approveMessage).toBeCalledWith(
       messageToDecrypt,
     );
-    expect(keyringControllerMock.decryptMessage).toBeCalledTimes(1);
-    expect(keyringControllerMock.decryptMessage).toBeCalledWith(
+    expect(decryptMessageActionCallbackMock).toBeCalledTimes(1);
+    expect(decryptMessageActionCallbackMock).toBeCalledWith(
+      'KeyringController:decryptMessage',
       messageToDecrypt,
     );
     expect(decryptMessageManagerMock.setMessageStatusAndResult).toBeCalledTimes(
@@ -147,15 +169,31 @@ describe('EncryptionPublicKeyController', () => {
     expect(result).toBe(mockExtState);
   });
 
+  it('should throw when decrypting invalid message', async () => {
+    const messageToDecrypt = {
+      ...messageMock,
+      data: '0x7b2022666f6f223a202262617222207d',
+    };
+    decryptMessageManagerMock.approveMessage.mockResolvedValue(
+      messageToDecrypt,
+    );
+
+    expect(
+      decryptMessageController.decryptMessage(messageToDecrypt),
+    ).rejects.toThrow('Invalid encrypted data.');
+  });
+
   it('should cancel decrypt request', async () => {
     const messageToDecrypt = {
       ...messageMock,
-      data: '0x7b22666f6f223a22626172227d',
+      data: messageDataMock,
     };
     decryptMessageManagerMock.approveMessage.mockResolvedValue(
       messageToDecrypt,
     );
-    keyringControllerMock.decryptMessage.mockRejectedValue(new Error('error'));
+    mockMessengerAction('KeyringController:decryptMessage', async () => {
+      throw new Error('error');
+    });
     getStateMock.mockReturnValue(mockExtState);
 
     return expect(
@@ -166,10 +204,13 @@ describe('EncryptionPublicKeyController', () => {
   it('should decrypt message inline', async () => {
     const messageToDecrypt = {
       ...messageMock,
-      data: '0x7b22666f6f223a22626172227d',
+      data: messageDataMock,
     };
     decryptMessageManagerMock.getMessage.mockReturnValue(messageToDecrypt);
-    keyringControllerMock.decryptMessage.mockResolvedValue('decryptedMessage');
+    mockMessengerAction(
+      'KeyringController:decryptMessage',
+      async () => 'decryptedMessage',
+    );
     getStateMock.mockReturnValue(mockExtState);
 
     const result = await decryptMessageController.decryptMessageInline(
@@ -184,6 +225,17 @@ describe('EncryptionPublicKeyController', () => {
     expect(result).toBe(mockExtState);
   });
 
+  it('should throw when decrypting invalid message inline', async () => {
+    const messageToDecrypt = {
+      ...messageMock,
+      data: '0x7b2022666f6f223a202262617222207d',
+    };
+
+    expect(
+      decryptMessageController.decryptMessageInline(messageToDecrypt),
+    ).rejects.toThrow('Invalid encrypted data.');
+  });
+
   it('should be able to cancel decrypt message', async () => {
     decryptMessageManagerMock.rejectMessage.mockResolvedValue(messageMock);
     getStateMock.mockReturnValue(mockExtState);
diff --git a/app/scripts/controllers/decrypt-message.ts b/app/scripts/controllers/decrypt-message.ts
index a0d1808063f1..1ace629dd995 100644
--- a/app/scripts/controllers/decrypt-message.ts
+++ b/app/scripts/controllers/decrypt-message.ts
@@ -5,7 +5,6 @@ import {
   DecryptMessageParams,
   DecryptMessageParamsMetamask,
 } from '@metamask/message-manager';
-import { KeyringController } from '@metamask/eth-keyring-controller';
 import {
   AbstractMessage,
   AbstractMessageManager,
@@ -25,6 +24,8 @@ import {
 } from '@metamask/approval-controller';
 import { ApprovalType, ORIGIN_METAMASK } from '@metamask/controller-utils';
 import { Patch } from 'immer';
+import type { KeyringControllerDecryptMessageAction } from '@metamask/keyring-controller';
+import { Eip1024EncryptedData, hasProperty, isObject } from '@metamask/utils';
 import { MetaMetricsEventCategory } from '../../../shared/constants/metametrics';
 import { stripHexPrefix } from '../../../shared/modules/hexstring-utils';
 
@@ -35,6 +36,37 @@ const stateMetadata = {
   unapprovedDecryptMsgCount: { persist: false, anonymous: false },
 };
 
+/**
+ * Type guard that checks for the presence of the required properties
+ * for EIP-1024 encrypted data.
+ *
+ * See: https://eips.ethereum.org/EIPS/eip-1024
+ *
+ * @param message - The message to check.
+ * @param message.from - The sender of the message.
+ * @param message.data - The EIP-1024 encrypted data.
+ * @returns Whether the message is an EIP-1024 encrypted message.
+ */
+export const isEIP1024EncryptedMessage = (message: {
+  from: string;
+  data: unknown;
+}): message is {
+  from: string;
+  data: Eip1024EncryptedData;
+} => {
+  if (
+    isObject(message.data) &&
+    hasProperty(message.data, 'version') &&
+    hasProperty(message.data, 'nonce') &&
+    hasProperty(message.data, 'ephemPublicKey') &&
+    hasProperty(message.data, 'ciphertext')
+  ) {
+    return true;
+  }
+
+  return false;
+};
+
 export const getDefaultState = () => ({
   unapprovedDecryptMsgs: {},
   unapprovedDecryptMsgCount: 0,
@@ -70,7 +102,11 @@ export type DecryptMessageControllerActions = GetDecryptMessageState;
 
 export type DecryptMessageControllerEvents = DecryptMessageStateChange;
 
-type AllowedActions = AddApprovalRequest | AcceptRequest | RejectRequest;
+type AllowedActions =
+  | AddApprovalRequest
+  | AcceptRequest
+  | RejectRequest
+  | KeyringControllerDecryptMessageAction;
 
 export type DecryptMessageControllerMessenger = RestrictedControllerMessenger<
   typeof controllerName,
@@ -82,7 +118,6 @@ export type DecryptMessageControllerMessenger = RestrictedControllerMessenger<
 
 export type DecryptMessageControllerOptions = {
   getState: () => any;
-  keyringController: KeyringController;
   messenger: DecryptMessageControllerMessenger;
   metricsEvent: (payload: any, options?: any) => void;
 };
@@ -99,8 +134,6 @@ export default class DecryptMessageController extends BaseControllerV2<
 
   private _getState: () => any;
 
-  private _keyringController: KeyringController;
-
   private _metricsEvent: (payload: any, options?: any) => void;
 
   private _decryptMessageManager: DecryptMessageManager;
@@ -110,13 +143,11 @@ export default class DecryptMessageController extends BaseControllerV2<
    *
    * @param options - The controller options.
    * @param options.getState - Callback to retrieve all user state.
-   * @param options.keyringController - An instance of a keyring controller used to decrypt message
    * @param options.messenger - A reference to the messaging system.
    * @param options.metricsEvent - A function for emitting a metric event.
    */
   constructor({
     getState,
-    keyringController,
     metricsEvent,
     messenger,
   }: DecryptMessageControllerOptions) {
@@ -127,7 +158,6 @@ export default class DecryptMessageController extends BaseControllerV2<
       state: getDefaultState(),
     });
     this._getState = getState;
-    this._keyringController = keyringController;
     this._metricsEvent = metricsEvent;
 
     this.hub = new EventEmitter();
@@ -216,7 +246,12 @@ export default class DecryptMessageController extends BaseControllerV2<
         await this._decryptMessageManager.approveMessage(messageParams);
 
       cleanMessageParams.data = this._parseMessageData(cleanMessageParams.data);
-      const rawMessage = await this._keyringController.decryptMessage(
+      if (!isEIP1024EncryptedMessage(cleanMessageParams)) {
+        throw new Error('Invalid encrypted data.');
+      }
+
+      const rawMessage = await this.messagingSystem.call(
+        'KeyringController:decryptMessage',
         cleanMessageParams,
       );
 
@@ -243,7 +278,11 @@ export default class DecryptMessageController extends BaseControllerV2<
   async decryptMessageInline(messageParams: DecryptMessageParamsMetamask) {
     const messageId = messageParams.metamaskId as string;
     messageParams.data = this._parseMessageData(messageParams.data);
-    const rawMessage = await this._keyringController.decryptMessage(
+    if (!isEIP1024EncryptedMessage(messageParams)) {
+      throw new Error('Invalid encrypted data.');
+    }
+    const rawMessage = await this.messagingSystem.call(
+      'KeyringController:decryptMessage',
       messageParams,
     );
 
diff --git a/app/scripts/metamask-controller.js b/app/scripts/metamask-controller.js
index a68676d55ebe..42f6fd9a19e2 100644
--- a/app/scripts/metamask-controller.js
+++ b/app/scripts/metamask-controller.js
@@ -1373,13 +1373,13 @@ export default class MetamaskController extends EventEmitter {
     this.networkController.lookupNetwork();
     this.decryptMessageController = new DecryptMessageController({
       getState: this.getState.bind(this),
-      keyringController: this.keyringController,
       messenger: this.controllerMessenger.getRestricted({
         name: 'DecryptMessageController',
         allowedActions: [
           `${this.approvalController.name}:addRequest`,
           `${this.approvalController.name}:acceptRequest`,
           `${this.approvalController.name}:rejectRequest`,
+          `${this.coreKeyringController.name}:decryptMessage`,
         ],
       }),
       metricsEvent: this.metaMetricsController.trackEvent.bind(
diff --git a/package.json b/package.json
index 66a2804d8f03..8e46c5c8119f 100644
--- a/package.json
+++ b/package.json
@@ -202,7 +202,7 @@
     "request@^2.88.2": "patch:request@npm%3A2.88.2#./.yarn/patches/request-npm-2.88.2-f4a57c72c4.patch",
     "request@^2.85.0": "patch:request@npm%3A2.88.2#./.yarn/patches/request-npm-2.88.2-f4a57c72c4.patch",
     "lavamoat-core@^14.2.0": "patch:lavamoat-core@npm%3A14.2.0#./.yarn/patches/lavamoat-core-npm-14.2.0-c453f4f755.patch",
-    "@metamask/keyring-controller@^7.2.0": "patch:@metamask/keyring-controller@npm%3A7.2.0#~/.yarn/patches/@metamask-keyring-controller-npm-7.2.0-fcc0c7893b.patch",
+    "@metamask/keyring-controller@^7.4.0": "patch:@metamask/keyring-controller@npm%3A7.4.0#~/.yarn/patches/@metamask-keyring-controller-npm-7.4.0-5dd5df31c7.patch",
     "@metamask/signature-controller@^5.3.0": "patch:@metamask/signature-controller@npm%3A5.3.0#./.yarn/patches/@metamask-signature-controller-npm-5.3.0-225628460b.patch",
     "semver@7.3.7": "^7.5.4",
     "semver@7.3.8": "^7.5.4"
@@ -252,7 +252,7 @@
     "@metamask/gas-fee-controller": "^6.0.1",
     "@metamask/jazzicon": "^2.0.0",
     "@metamask/key-tree": "^9.0.0",
-    "@metamask/keyring-controller": "^7.2.0",
+    "@metamask/keyring-controller": "^7.4.0",
     "@metamask/logo": "^3.1.1",
     "@metamask/message-manager": "^7.3.0",
     "@metamask/metamask-eth-abis": "^3.0.0",
diff --git a/yarn.lock b/yarn.lock
index 371021672510..6781c948eca6 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -4285,9 +4285,9 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@metamask/keyring-controller@npm:7.2.0":
-  version: 7.2.0
-  resolution: "@metamask/keyring-controller@npm:7.2.0"
+"@metamask/keyring-controller@npm:7.4.0":
+  version: 7.4.0
+  resolution: "@metamask/keyring-controller@npm:7.4.0"
   dependencies:
     "@keystonehq/metamask-airgapped-keyring": "npm:^0.13.1"
     "@metamask/base-controller": "npm:^3.2.1"
@@ -4301,13 +4301,13 @@ __metadata:
     immer: "npm:^9.0.6"
   peerDependencies:
     "@metamask/preferences-controller": ^4.4.0
-  checksum: 3535d698f68f732658787943eaff3ebabdc1e3d0e6bce731cff413b0fb98d19fb127841e525d9031fa96b50e75840686da9cd0615ab6772914e2b18fe1797df1
+  checksum: 17b3f24d57dc79689ee6c0159f931ba71b10cbb728cecce6595ec69c46bc706289e90e22b9e7709fef8719ff99594adccd842a3a687fcc651a55cd873f2bc219
   languageName: node
   linkType: hard
 
-"@metamask/keyring-controller@patch:@metamask/keyring-controller@npm%3A7.2.0#~/.yarn/patches/@metamask-keyring-controller-npm-7.2.0-fcc0c7893b.patch":
-  version: 7.2.0
-  resolution: "@metamask/keyring-controller@patch:@metamask/keyring-controller@npm%3A7.2.0#~/.yarn/patches/@metamask-keyring-controller-npm-7.2.0-fcc0c7893b.patch::version=7.2.0&hash=6f51dc"
+"@metamask/keyring-controller@patch:@metamask/keyring-controller@npm%3A7.4.0#~/.yarn/patches/@metamask-keyring-controller-npm-7.4.0-5dd5df31c7.patch":
+  version: 7.4.0
+  resolution: "@metamask/keyring-controller@patch:@metamask/keyring-controller@npm%3A7.4.0#~/.yarn/patches/@metamask-keyring-controller-npm-7.4.0-5dd5df31c7.patch::version=7.4.0&hash=4a7ca3"
   dependencies:
     "@keystonehq/metamask-airgapped-keyring": "npm:^0.13.1"
     "@metamask/base-controller": "npm:^3.2.1"
@@ -4321,7 +4321,7 @@ __metadata:
     immer: "npm:^9.0.6"
   peerDependencies:
     "@metamask/preferences-controller": ^4.4.0
-  checksum: b3f0ffac12077c19bef8d978237b24ebe40c2bbee1363ee5cfdf7a09b600540981d3bdbac96845645cd976e0bdb55f56f80442a2797e1538abb00744194edf17
+  checksum: d6965c9e3f7fe00481ed544fae172aa04f8212e570ccea4c1d16f52f42c775759df59a1009c52937e1f6c6a764c16b80b89c457a4765009ff9bb1d454aab42ab
   languageName: node
   linkType: hard
 
@@ -24221,7 +24221,7 @@ __metadata:
     "@metamask/gas-fee-controller": "npm:^6.0.1"
     "@metamask/jazzicon": "npm:^2.0.0"
     "@metamask/key-tree": "npm:^9.0.0"
-    "@metamask/keyring-controller": "npm:^7.2.0"
+    "@metamask/keyring-controller": "npm:^7.4.0"
     "@metamask/logo": "npm:^3.1.1"
     "@metamask/message-manager": "npm:^7.3.0"
     "@metamask/metamask-eth-abis": "npm:^3.0.0"