diff --git a/CHANGELOG.md b/CHANGELOG.md
index d41676ac9..7544f3249 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -42,6 +42,7 @@ Changelog for FrostFS Node
 - `neo-go` client deadlock on subscription restoration (#2244)
 - Possible panic during write-cache initialization (#2234)
 - Do not fetch an object if `meta` is missing it (#61)
+- Create contract wallet only by `init` and `update-config` command (#63)
 
 ### Removed
 ### Updated
diff --git a/cmd/frostfs-adm/internal/modules/morph/initialize.go b/cmd/frostfs-adm/internal/modules/morph/initialize.go
index 2c742d82d..dc4208c03 100644
--- a/cmd/frostfs-adm/internal/modules/morph/initialize.go
+++ b/cmd/frostfs-adm/internal/modules/morph/initialize.go
@@ -115,8 +115,10 @@ func newInitializeContext(cmd *cobra.Command, v *viper.Viper) (*initializeContex
 		return nil, err
 	}
 
+	needContracts := cmd.Name() == "update-contracts" || cmd.Name() == "init"
+
 	var w *wallet.Wallet
-	if cmd.Name() != "deploy" {
+	if needContracts {
 		w, err = openContractWallet(v, cmd, walletDir)
 		if err != nil {
 			return nil, err
@@ -157,7 +159,6 @@ func newInitializeContext(cmd *cobra.Command, v *viper.Viper) (*initializeContex
 		}
 	}
 
-	needContracts := cmd.Name() == "update-contracts" || cmd.Name() == "init"
 	if needContracts {
 		ctrPath, err = cmd.Flags().GetString(contractsInitFlag)
 		if err != nil {