diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0f1c5496..78185d43 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -36,6 +36,8 @@ Ref: https://keepachangelog.com/en/1.0.0/
 ### Improvements
 * Add aggregation of orderbooks for hash historical pricing [#496](https://github.com/provenance-io/explorer-service/issues/496)
 
+### Bug Fixes
+* Fix parsing of ibc json packet [#501](https://github.com/provenance-io/explorer-service/issues/501)
 
 ## [v5.6.0](https://github.com/provenance-io/explorer-service/releases/tag/v5.6.0) - 2023-07-05
 ### Release Name: Niels Peter
diff --git a/service/src/main/kotlin/io/provenance/explorer/domain/extensions/Extenstions.kt b/service/src/main/kotlin/io/provenance/explorer/domain/extensions/Extenstions.kt
index 647f3f25..855fe8a9 100644
--- a/service/src/main/kotlin/io/provenance/explorer/domain/extensions/Extenstions.kt
+++ b/service/src/main/kotlin/io/provenance/explorer/domain/extensions/Extenstions.kt
@@ -158,7 +158,7 @@ fun BlockOuterClass.Block.height() = this.header.height.toInt()
 fun Long.get24HrBlockHeight(avgBlockTime: BigDecimal) =
     BigDecimal(24 * 60 * 60).divide(avgBlockTime, 0, RoundingMode.HALF_UP).let { this - it.toInt() }
 
-fun String.toObjectNode() = OBJECT_MAPPER.readValue(StringEscapeUtils.unescapeJson(this), ObjectNode::class.java)
+fun String.toObjectNode() = OBJECT_MAPPER.readValue(this, ObjectNode::class.java)
 fun Any?.stringify() = if (this == null) null else OBJECT_MAPPER.writeValueAsString(this)
 
 fun List<BigDecimal>.average() = this.fold(BigDecimal.ZERO, BigDecimal::add)
diff --git a/service/src/test/kotlin/io/provenance/explorer/domain/extensions/ExtenstionsKtTest.kt b/service/src/test/kotlin/io/provenance/explorer/domain/extensions/ExtenstionsKtTest.kt
index 34a46938..1ce50396 100644
--- a/service/src/test/kotlin/io/provenance/explorer/domain/extensions/ExtenstionsKtTest.kt
+++ b/service/src/test/kotlin/io/provenance/explorer/domain/extensions/ExtenstionsKtTest.kt
@@ -1,32 +1,34 @@
 package io.provenance.explorer.domain.extensions
 
+import org.junit.jupiter.api.Tag
 import org.junit.jupiter.api.Test
-import org.junit.jupiter.api.Assertions.*
-import com.fasterxml.jackson.databind.ObjectMapper
-import com.fasterxml.jackson.databind.node.ObjectNode
-import org.apache.commons.lang3.StringEscapeUtils
+import org.junit.jupiter.api.Assertions.assertEquals
 
 class ExtensionsKtTest {
-
     @Test
-    fun toObjectNode() {
-//        // Given an input JSON string
-//        val inputJson = "{\"key\":\"value\"}"
-//
-//        // Create an ObjectMapper for testing
-//        val objectMapper = ObjectMapper()
-//
-//        // Escape the input JSON
-//        val escapedInput = StringEscapeUtils.escapeJson(inputJson)
-//
-//        // Convert the escaped JSON to an ObjectNode
-//        val resultObjectNode = escapedInput.toObjectNode(objectMapper)
-//
-//        // Create an expected ObjectNode
-//        val expectedObjectNode = objectMapper.createObjectNode()
-//        expectedObjectNode.put("key", "value")
-//
-//        // Assert that the result ObjectNode is equal to the expected ObjectNode
-//        assertEquals(expectedObjectNode, resultObjectNode)
+    @Tag("junit-jupiter")
+    fun testToObjectNode() {
+        val inputJsonWithJsonStrObj = "{\"amount\":\"1\",\"denom\":\"psa.3zlqy2ecncvalbycokxnoh.stock\",\"memo\":\"{\\\"marker\\\":{\\\"transfer-auths\\\":[\\\"tp19zf8q9swrsspkdljumwh04zjac4nkfvju6ehl9\\\",\\\"tp1tk6fqws0su7fzp090edrauaa756mdyjfdw0507\\\",\\\"tp1a53udazy8ayufvy0s434pfwjcedzqv34vfvvyc\\\"],\\\"allow-force-transfer\\\":false}}\",\"receiver\":\"tp12wyy028sd3yf3j0z950fq5p3zvzgpzgds3dqp3\",\"sender\":\"tp12wyy028sd3yf3j0z950fq5p3zvzgpzgds3dqp3\"}"
+        val inputFormatedJsonWithJsonStrObj = "{\n" +
+            "  \"amount\": \"1\",\n" +
+            "  \"denom\": \"psa.3zlqy2ecncvalbycokxnoh.stock\",\n" +
+            "  \"memo\": \"{\\\"marker\\\":{\\\"transfer-auths\\\":[\\\"tp19zf8q9swrsspkdljumwh04zjac4nkfvju6ehl9\\\",\\\"tp1tk6fqws0su7fzp090edrauaa756mdyjfdw0507\\\",\\\"tp1a53udazy8ayufvy0s434pfwjcedzqv34vfvvyc\\\"],\\\"allow-force-transfer\\\":false}}\",\n" +
+            "  \"receiver\": \"tp12wyy028sd3yf3j0z950fq5p3zvzgpzgds3dqp3\",\n" +
+            "  \"sender\": \"tp12wyy028sd3yf3j0z950fq5p3zvzgpzgds3dqp3\"\n" +
+            "}"
+
+        val tests = mapOf(
+            "test input with string that has json string as value for memo" to inputJsonWithJsonStrObj,
+            "test input with formatted json and json string as value for memo" to inputFormatedJsonWithJsonStrObj
+        )
+
+        for ((testname, json) in tests) {
+            val actualJsonObj = json.toObjectNode()
+            assertEquals("tp12wyy028sd3yf3j0z950fq5p3zvzgpzgds3dqp3", actualJsonObj.get("receiver").asText(), testname)
+            assertEquals("tp12wyy028sd3yf3j0z950fq5p3zvzgpzgds3dqp3", actualJsonObj.get("sender").asText(), testname)
+            assertEquals("1", actualJsonObj.get("amount").asText(), testname)
+            assertEquals("psa.3zlqy2ecncvalbycokxnoh.stock", actualJsonObj.get("denom").asText(), testname)
+            assertEquals("{\"marker\":{\"transfer-auths\":[\"tp19zf8q9swrsspkdljumwh04zjac4nkfvju6ehl9\",\"tp1tk6fqws0su7fzp090edrauaa756mdyjfdw0507\",\"tp1a53udazy8ayufvy0s434pfwjcedzqv34vfvvyc\"],\"allow-force-transfer\":false}}", actualJsonObj.get("memo").asText(), testname)
+        }
     }
-}
\ No newline at end of file
+}