diff --git a/cmd/validator/accounts/accounts.go b/cmd/validator/accounts/accounts.go
index c06ba0806..c88d69154 100644
--- a/cmd/validator/accounts/accounts.go
+++ b/cmd/validator/accounts/accounts.go
@@ -54,7 +54,6 @@ var Commands = &cli.Command{
 			Flags: cmd.WrapFlags([]cli.Flag{
 				flags.WalletDirFlag,
 				flags.WalletPasswordFileFlag,
-				flags.ShowDepositDataFlag,
 				flags.ShowPrivateKeysFlag,
 				flags.ListValidatorIndices,
 				flags.BeaconRPCProviderFlag,
diff --git a/cmd/validator/accounts/list.go b/cmd/validator/accounts/list.go
index fcd69284b..147b8a8a4 100644
--- a/cmd/validator/accounts/list.go
+++ b/cmd/validator/accounts/list.go
@@ -31,9 +31,6 @@ func accountsList(c *cli.Context) error {
 		accounts.WithBeaconRESTApiProvider(c.String(flags.BeaconRESTApiProviderFlag.Name)),
 		accounts.WithGRPCHeaders(grpcHeaders),
 	}
-	if c.IsSet(flags.ShowDepositDataFlag.Name) {
-		opts = append(opts, accounts.WithShowDepositData())
-	}
 	if c.IsSet(flags.ShowPrivateKeysFlag.Name) {
 		opts = append(opts, accounts.WithShowPrivateKeys())
 	}
diff --git a/cmd/validator/flags/flags.go b/cmd/validator/flags/flags.go
index e7fa81c53..94e84b963 100644
--- a/cmd/validator/flags/flags.go
+++ b/cmd/validator/flags/flags.go
@@ -174,12 +174,7 @@ var (
 		Name:  "mnemonic-language",
 		Usage: "Allows specifying mnemonic language. Supported languages are: english|chinese_traditional|chinese_simplified|czech|french|japanese|korean|italian|spanish.",
 	}
-	// ShowDepositDataFlag for accounts.
-	ShowDepositDataFlag = &cli.BoolFlag{
-		Name:  "show-deposit-data",
-		Usage: "Displays raw eth1 tx deposit data for validator accounts.",
-		Value: false,
-	}
+
 	// ShowPrivateKeysFlag for accounts.
 	ShowPrivateKeysFlag = &cli.BoolFlag{
 		Name:  "show-private-keys",
diff --git a/validator/accounts/accounts_list.go b/validator/accounts/accounts_list.go
index 84167dc6e..6ea4a1b5d 100644
--- a/validator/accounts/accounts_list.go
+++ b/validator/accounts/accounts_list.go
@@ -23,7 +23,6 @@ func (acm *CLIManager) List(ctx context.Context) error {
 	}
 	return acm.keymanager.ListKeymanagerAccounts(ctx,
 		keymanager.ListKeymanagerAccountConfig{
-			ShowDepositData:          acm.showDepositData,
 			ShowPrivateKeys:          acm.showPrivateKeys,
 			WalletAccountsDir:        acm.wallet.AccountsDir(),
 			KeymanagerConfigFileName: wallet.KeymanagerConfigFileName,
diff --git a/validator/accounts/accounts_list_test.go b/validator/accounts/accounts_list_test.go
index 6fa0545f2..8af669914 100644
--- a/validator/accounts/accounts_list_test.go
+++ b/validator/accounts/accounts_list_test.go
@@ -171,7 +171,6 @@ func TestListAccounts_LocalKeymanager(t *testing.T) {
 		t,
 		km.ListKeymanagerAccounts(cliCtx.Context,
 			keymanager.ListKeymanagerAccountConfig{
-				ShowDepositData: true,
 				ShowPrivateKeys: true,
 			}),
 	)
@@ -190,36 +189,30 @@ func TestListAccounts_LocalKeymanager(t *testing.T) {
 		(keymanager kind) local wallet
 
 		Showing 5 validator accounts
-		View the eth1 deposit transaction data for your accounts by running `validator accounts list --show-deposit-data
 
 		Account 0 | fully-evolving-fawn
 		[validating public key] 0xa6669aa0381c06470b9a6faf8abf4194ad5148a62e461cbef5a6bc4d292026f58b992c4cf40e50552d301cef19da75b9
 		[validating private key] 0x50cabc13435fcbde9d240fe720aff84f8557a6c1c445211b904f1a9620668241
-		If you imported your account coming from the Ethereum launchpad, you will find your deposit_data.json in the eth2.0-deposit-cli's validator_keys folder
 
 
 		Account 1 | preferably-mighty-heron
 		[validating public key] 0xa7ea37fa2e2272762ffed8486f09b13cd56d76cf03a2a3e75bc36bd1719add84c20597671750be5bc1ccd3dadfebc30f
 		[validating private key] 0x44563da0d11bc6a7219d18217cce8cdd064de3ebee5cdcf8d901c2fae7545116
-		If you imported your account coming from the Ethereum eth2 launchpad, you will find your deposit_data.json in the eth2.0-deposit-cli's validator_keys folder
 
 
 		Account 2 | conversely-good-monitor
 		[validating public key] 0xa4c63619fb8cb87f6dd1686c9255f99c68066797bf284488ecbab64b1926d33eefdf96d1ee89ae4a89e84e7fb019d5e5
 		[validating private key] 0x4448d0ab17ecd73bbb636ddbfc89b181731f6cd88c33f2cecc0d04cba1a18447
-		If you imported your account coming from the Ethereum eth2 launchpad, you will find your deposit_data.json in the eth2.0-deposit-cli's validator_keys folder
 
 
 		Account 3 | rarely-joint-mako
 		[validating public key] 0x91dd8d5bfc22aea398740ebcea66ced159df8d3f1a066d7aba9f0bef4ed6d9687fc1fd1c87bd2b6d12b0788dfb6a7d20
 		[validating private key] 0x4d1944bd7375185f70b3e70c68d9e6307f2009de3a4cf47ca5217443ddf81fc9
-		If you imported your account coming from the Ethereum eth2 launchpad, you will find your deposit_data.json in the eth2.0-deposit-cli's validator_keys folder
 
 
 		Account 4 | mainly-useful-catfish
 		[validating public key] 0x83c4d722a98b599e2666bbe35146ff44800256190bc662f2dd5efbc0c4c0d57e5d297487a4f9c21a932d3b1b40e8379f
 		[validating private key] 0x284cd65030496bf82ee2d52963cd540a1abb2cc738b8164901bbe7e2df4d57bd
-		If you imported your account coming from the Ethereum eth2 launchpad, you will find your deposit_data.json in the eth2.0-deposit-cli's validator_keys folder
 
 
 
@@ -227,7 +220,7 @@ func TestListAccounts_LocalKeymanager(t *testing.T) {
 
 	// Expected output format definition
 	const prologLength = 4
-	const accountLength = 6
+	const accountLength = 4
 	const epilogLength = 2
 	const nameOffset = 1
 	const keyOffset = 2
diff --git a/validator/accounts/cli_manager.go b/validator/accounts/cli_manager.go
index 62e9388c1..4d7bc81db 100644
--- a/validator/accounts/cli_manager.go
+++ b/validator/accounts/cli_manager.go
@@ -41,7 +41,6 @@ type CLIManager struct {
 	wallet               *wallet.Wallet
 	keymanager           keymanager.IKeymanager
 	keymanagerKind       keymanager.Kind
-	showDepositData      bool
 	showPrivateKeys      bool
 	listValidatorIndices bool
 	deletePublicKeys     bool
diff --git a/validator/accounts/cli_options.go b/validator/accounts/cli_options.go
index 8bc5348d9..20943f6e9 100644
--- a/validator/accounts/cli_options.go
+++ b/validator/accounts/cli_options.go
@@ -37,14 +37,6 @@ func WithKeymanagerType(k keymanager.Kind) Option {
 	}
 }
 
-// WithShowDepositData enables displaying deposit data in the accounts cli manager.
-func WithShowDepositData() Option {
-	return func(acc *CLIManager) error {
-		acc.showDepositData = true
-		return nil
-	}
-}
-
 // WithShowPrivateKeys enables displaying private keys in the accounts cli manager.
 func WithShowPrivateKeys() Option {
 	return func(acc *CLIManager) error {
diff --git a/validator/keymanager/local/keymanager.go b/validator/keymanager/local/keymanager.go
index 2fa92b5d9..5346a1107 100644
--- a/validator/keymanager/local/keymanager.go
+++ b/validator/keymanager/local/keymanager.go
@@ -427,15 +427,6 @@ func (km *Keymanager) ListKeymanagerAccounts(ctx context.Context, cfg keymanager
 				fmt.Printf("%s %#x\n", au.BrightRed("[validating private key]").Bold(), privateKeys[i])
 			}
 		}
-		if !cfg.ShowDepositData {
-			continue
-		}
-		fmt.Printf(
-			"%s\n",
-			au.BrightRed("If you imported your account coming from the eth2 launchpad, you will find your "+
-				"deposit_data.json in the eth2.0-deposit-cli's validator_keys folder"),
-		)
-		fmt.Println("")
 	}
 	fmt.Println("")
 	return nil
diff --git a/validator/keymanager/types.go b/validator/keymanager/types.go
index bac441c6d..b632b2b54 100644
--- a/validator/keymanager/types.go
+++ b/validator/keymanager/types.go
@@ -89,7 +89,6 @@ type PublicKeyDeleter interface {
 }
 
 type ListKeymanagerAccountConfig struct {
-	ShowDepositData          bool
 	ShowPrivateKeys          bool
 	WalletAccountsDir        string
 	KeymanagerConfigFileName string