diff --git a/lib/wallet/txdb.js b/lib/wallet/txdb.js
index a989328c..42f97e53 100644
--- a/lib/wallet/txdb.js
+++ b/lib/wallet/txdb.js
@@ -948,6 +948,7 @@ TXDB.prototype._add = co(function* add(tx) {
 TXDB.prototype.insert = co(function* insert(tx) {
   var hash = tx.hash('hex');
   var details = new Details(this, tx);
+  var updated = false;
   var i, input, output, coin;
   var prevout, credit, path, account;
 
@@ -1013,6 +1014,8 @@ TXDB.prototype.insert = co(function* insert(tx) {
         this.pending.confirmed -= coin.value;
         this.removeCredit(credit, path);
       }
+
+      updated = true;
     }
   }
 
@@ -1028,8 +1031,10 @@ TXDB.prototype.insert = co(function* insert(tx) {
 
     // Attempt to resolve an input we
     // did not know was ours at the time.
-    if (yield this.resolveInput(tx, i, path))
+    if (yield this.resolveInput(tx, i, path)) {
+      updated = true;
       continue;
+    }
 
     credit = Credit.fromTX(tx, i);
 
@@ -1040,6 +1045,16 @@ TXDB.prototype.insert = co(function* insert(tx) {
       this.pending.confirmed += output.value;
 
     this.saveCredit(credit, path);
+
+    updated = true;
+  }
+
+  // If this didn't update any coins,
+  // it's not our transaction.
+  if (!updated) {
+    // Clear the spent list inserts.
+    this.clear();
+    return;
   }
 
   // Save and index the transaction in bcoin's
diff --git a/lib/wallet/wallet.js b/lib/wallet/wallet.js
index 79f6b7d4..26b463e1 100644
--- a/lib/wallet/wallet.js
+++ b/lib/wallet/wallet.js
@@ -1832,10 +1832,18 @@ Wallet.prototype.add = co(function* add(tx) {
 
 Wallet.prototype._add = co(function* add(tx) {
   var resolved = yield this.txdb.resolve(tx);
+  var result = false;
   var i;
 
-  for (i = 0; i < resolved.length; i++)
-    yield this._insert(resolved[i]);
+  if (resolved.length === 0)
+    return true;
+
+  for (i = 0; i < resolved.length; i++) {
+    if (yield this._insert(resolved[i]))
+      result = true;
+  }
+
+  return result;
 });
 
 /**
diff --git a/lib/wallet/walletdb.js b/lib/wallet/walletdb.js
index bcb3c7c9..bc71cd40 100644
--- a/lib/wallet/walletdb.js
+++ b/lib/wallet/walletdb.js
@@ -1452,7 +1452,6 @@ WalletDB.prototype._addBlock = co(function* addBlock(entry, txs) {
   // the database back into the correct state.
   for (i = 0; i < txs.length; i++) {
     tx = txs[i];
-
     wallets = yield this._insertTX(tx);
 
     if (!wallets)
@@ -1577,6 +1576,7 @@ WalletDB.prototype._addTX = co(function* addTX(tx) {
  */
 
 WalletDB.prototype._insertTX = co(function* insertTX(tx) {
+  var result = false;
   var i, wallets, wid, wallet;
 
   assert(!tx.mutable, 'Cannot add mutable TX to wallet.');
@@ -1596,11 +1596,15 @@ WalletDB.prototype._insertTX = co(function* insertTX(tx) {
 
     assert(wallet);
 
-    this.logger.debug('Adding tx to wallet: %s', wallet.id);
-
-    yield wallet.add(tx);
+    if (yield wallet.add(tx)) {
+      this.logger.debug('Added transaction to wallet: %s', wallet.id);
+      result = true;
+    }
   }
 
+  if (!result)
+    return;
+
   return wallets;
 });