diff --git a/packages/web3-core-helpers/src/Formatters.js b/packages/web3-core-helpers/src/Formatters.js
index 82867a45b29..2b7b5105653 100644
--- a/packages/web3-core-helpers/src/Formatters.js
+++ b/packages/web3-core-helpers/src/Formatters.js
@@ -259,10 +259,6 @@ export const outputTransactionFormatter = (receipt) => {
  * @returns {Object}
  */
 export const outputTransactionReceiptFormatter = (receipt) => {
-    if (typeof receipt !== 'object') {
-        throw new TypeError(`Received receipt is invalid: ${receipt}`);
-    }
-
     if (receipt.blockNumber !== null) {
         receipt.blockNumber = Utils.hexToNumber(receipt.blockNumber);
     }
diff --git a/packages/web3-core-helpers/tests/src/Formatters/OutputTransactionReceiptFormatterTest.js b/packages/web3-core-helpers/tests/src/Formatters/OutputTransactionReceiptFormatterTest.js
index 2f1159b695b..f384c834412 100644
--- a/packages/web3-core-helpers/tests/src/Formatters/OutputTransactionReceiptFormatterTest.js
+++ b/packages/web3-core-helpers/tests/src/Formatters/OutputTransactionReceiptFormatterTest.js
@@ -76,10 +76,4 @@ describe('OutputTransactionReceiptFormatterTest', () => {
             ]
         });
     });
-
-    it('call outputTransactionReceiptFormatter with invalid argument', () => {
-        expect(() => {
-            outputTransactionReceiptFormatter('STRING');
-        }).toThrow('Received receipt is invalid: STRING');
-    });
 });
diff --git a/packages/web3-core-method/src/methods/transaction/GetTransactionReceiptMethod.js b/packages/web3-core-method/src/methods/transaction/GetTransactionReceiptMethod.js
index 841cb0bd58f..15939c46643 100644
--- a/packages/web3-core-method/src/methods/transaction/GetTransactionReceiptMethod.js
+++ b/packages/web3-core-method/src/methods/transaction/GetTransactionReceiptMethod.js
@@ -44,7 +44,7 @@ export default class GetTransactionReceiptMethod extends AbstractCallMethod {
      */
     afterExecution(response) {
         if (response !== null) {
-            return this.formatters.outputTransactionFormatter(response);
+            return this.formatters.outputTransactionReceiptFormatter(response);
         }
 
         return response;
diff --git a/packages/web3-core-method/src/validators/TransactionReceiptValidator.js b/packages/web3-core-method/src/validators/TransactionReceiptValidator.js
index 5f28b09625a..c5699f1a872 100644
--- a/packages/web3-core-method/src/validators/TransactionReceiptValidator.js
+++ b/packages/web3-core-method/src/validators/TransactionReceiptValidator.js
@@ -55,7 +55,7 @@ export default class TransactionReceiptValidator {
      * @returns {Boolean}
      */
     isValidReceiptStatus(receipt) {
-        return receipt.status === true || receipt.status === '0x1' || typeof receipt.status === 'undefined';
+        return receipt.status === true || typeof receipt.status === 'undefined';
     }
 
     /**
diff --git a/packages/web3-core-method/tests/src/methods/transaction/GetTransactionReceiptMethodTest.js b/packages/web3-core-method/tests/src/methods/transaction/GetTransactionReceiptMethodTest.js
index 6749e046841..770c361f60d 100644
--- a/packages/web3-core-method/tests/src/methods/transaction/GetTransactionReceiptMethodTest.js
+++ b/packages/web3-core-method/tests/src/methods/transaction/GetTransactionReceiptMethodTest.js
@@ -28,11 +28,11 @@ describe('GetTransactionReceiptMethodTest', () => {
     });
 
     it('afterExecution should map the response', () => {
-        formatters.outputTransactionFormatter.mockReturnValueOnce({empty: false});
+        formatters.outputTransactionReceiptFormatter.mockReturnValueOnce({empty: false});
 
         expect(method.afterExecution({})).toHaveProperty('empty', false);
 
-        expect(formatters.outputTransactionFormatter).toHaveBeenCalledWith({});
+        expect(formatters.outputTransactionReceiptFormatter).toHaveBeenCalledWith({});
     });
 
     it('afterExecution should return null', () => {
diff --git a/packages/web3-core-method/tests/src/validators/TransactionReceiptValidatorTest.js b/packages/web3-core-method/tests/src/validators/TransactionReceiptValidatorTest.js
index 279f25cf634..0769d128b9e 100644
--- a/packages/web3-core-method/tests/src/validators/TransactionReceiptValidatorTest.js
+++ b/packages/web3-core-method/tests/src/validators/TransactionReceiptValidatorTest.js
@@ -37,6 +37,22 @@ describe('TransactionReceiptValidatorTest', () => {
         expect(Utils.hexToNumber).toHaveBeenCalledWith(110);
     });
 
+    it('calls validate and returns true with undefined status property', () => {
+        delete receipt.status;
+        
+        Utils.hexToNumber.mockReturnValueOnce(110);
+
+        method.parameters = [
+            {
+                gas: 110
+            }
+        ];
+
+        expect(transactionReceiptValidator.validate(receipt, method)).toEqual(true);
+
+        expect(Utils.hexToNumber).toHaveBeenCalledWith(110);
+    });
+
     it('calls validate and returns error because of invalid gasUsage', () => {
         Utils.hexToNumber.mockReturnValueOnce(100);