diff --git a/src/wallet/wallettool.cpp b/src/wallet/wallettool.cpp
index 2f3f8ef77de..c8deda89b56 100644
--- a/src/wallet/wallettool.cpp
+++ b/src/wallet/wallettool.cpp
@@ -68,7 +68,6 @@ static std::shared_ptr<CWallet> MakeWallet(const std::string& name, const fs::pa
     }
 
     if (load_wallet_ret != DBErrors::LOAD_OK) {
-        wallet_instance = nullptr;
         if (load_wallet_ret == DBErrors::CORRUPT) {
             tfm::format(std::cerr, "Error loading %s: Wallet corrupted", name);
             return nullptr;