diff --git a/src/wallet/wallet.cpp b/src/wallet/wallet.cpp
--- a/src/wallet/wallet.cpp
+++ b/src/wallet/wallet.cpp
@@ -663,7 +663,9 @@
         // if we are using HD, replace the HD seed with a new one
         if (auto spk_man = m_spk_man.get()) {
             if (spk_man->IsHDEnabled()) {
-                spk_man->SetupGeneration(true);
+                if (!spk_man->SetupGeneration(true)) {
+                    return false;
+                }
             }
         }
         Lock();