diff --git a/web3.js/package-lock.json b/web3.js/package-lock.json
index b30eb75c2c5..fc9b5305095 100644
--- a/web3.js/package-lock.json
+++ b/web3.js/package-lock.json
@@ -63,7 +63,7 @@
         "eslint-plugin-mocha": "^9.0.0",
         "eslint-plugin-prettier": "^4.0.0",
         "esm": "^3.2.25",
-        "flow-bin": "^0.150.0",
+        "flow-bin": "^0.198.1",
         "flowgen": "^1.13.0",
         "http-server": "^13.0.0",
         "mocha": "^8.2.1",
@@ -7819,9 +7819,9 @@
       "dev": true
     },
     "node_modules/flow-bin": {
-      "version": "0.150.0",
-      "resolved": "https://registry.npmjs.org/flow-bin/-/flow-bin-0.150.0.tgz",
-      "integrity": "sha512-s+0dcKJnZZO6mkS92YtJzBZ6vq7i1o77+NggEiiefPpCVsehwPlyRLmEnb6XN9OI5OfXp+kFnZt4q8a3zLNuUg==",
+      "version": "0.198.1",
+      "resolved": "https://registry.npmjs.org/flow-bin/-/flow-bin-0.198.1.tgz",
+      "integrity": "sha512-9jWC1GJgV5QyeBxvT0GtTQtaw55imDRIh//C5WaS/dijl7IP34CrNY2NgBSwzif516SktkG8KylQWJaslZI2QA==",
       "dev": true,
       "bin": {
         "flow": "cli.js"
@@ -26011,9 +26011,9 @@
       "dev": true
     },
     "flow-bin": {
-      "version": "0.150.0",
-      "resolved": "https://registry.npmjs.org/flow-bin/-/flow-bin-0.150.0.tgz",
-      "integrity": "sha512-s+0dcKJnZZO6mkS92YtJzBZ6vq7i1o77+NggEiiefPpCVsehwPlyRLmEnb6XN9OI5OfXp+kFnZt4q8a3zLNuUg==",
+      "version": "0.198.1",
+      "resolved": "https://registry.npmjs.org/flow-bin/-/flow-bin-0.198.1.tgz",
+      "integrity": "sha512-9jWC1GJgV5QyeBxvT0GtTQtaw55imDRIh//C5WaS/dijl7IP34CrNY2NgBSwzif516SktkG8KylQWJaslZI2QA==",
       "dev": true
     },
     "flowgen": {
diff --git a/web3.js/package.json b/web3.js/package.json
index 6614f841033..9109f289c7b 100644
--- a/web3.js/package.json
+++ b/web3.js/package.json
@@ -116,7 +116,7 @@
     "eslint-plugin-mocha": "^9.0.0",
     "eslint-plugin-prettier": "^4.0.0",
     "esm": "^3.2.25",
-    "flow-bin": "^0.150.0",
+    "flow-bin": "^0.198.1",
     "flowgen": "^1.13.0",
     "http-server": "^13.0.0",
     "mocha": "^8.2.1",