diff --git a/app/store/migrations/059.test.ts b/app/store/migrations/059.test.ts
new file mode 100644
index 00000000000..11161ff0388
--- /dev/null
+++ b/app/store/migrations/059.test.ts
@@ -0,0 +1,164 @@
+import migrate from './059';
+import { merge } from 'lodash';
+import { captureException } from '@sentry/react-native';
+import initialRootState from '../../util/test/initial-root-state';
+import mockedEngine from '../../core/__mocks__/MockedEngine';
+import {
+  expectedUuid,
+  expectedUuid2,
+  internalAccount1,
+  internalAccount2,
+} from '../../util/test/accountsControllerTestUtils';
+
+jest.mock('@sentry/react-native', () => ({
+  captureException: jest.fn(),
+}));
+const mockedCaptureException = jest.mocked(captureException);
+
+jest.mock('../../core/Engine', () => ({
+  init: () => mockedEngine.init(),
+}));
+
+describe('Migration #59 - Fix crasher related to undefined selectedAccount on AccountsController', () => {
+  beforeEach(() => {
+    jest.restoreAllMocks();
+    jest.resetAllMocks();
+  });
+
+  const invalidStates = [
+    {
+      state: null,
+      errorMessage: "FATAL ERROR: Migration 59: Invalid state error: 'object'",
+      scenario: 'state is invalid',
+    },
+    {
+      state: merge({}, initialRootState, {
+        engine: null,
+      }),
+      errorMessage:
+        "FATAL ERROR: Migration 59: Invalid engine state error: 'object'",
+      scenario: 'engine state is invalid',
+    },
+    {
+      state: merge({}, initialRootState, {
+        engine: {
+          backgroundState: null,
+        },
+      }),
+      errorMessage:
+        "FATAL ERROR: Migration 59: Invalid engine backgroundState error: 'object'",
+      scenario: 'backgroundState is invalid',
+    },
+  ];
+
+  for (const { errorMessage, scenario, state } of invalidStates) {
+    it(`should capture exception if ${scenario}`, async () => {
+      const newState = await migrate(state);
+
+      expect(newState).toStrictEqual(state);
+      expect(mockedCaptureException).toHaveBeenCalledWith(expect.any(Error));
+      expect(mockedCaptureException.mock.calls[0][0].message).toBe(
+        errorMessage,
+      );
+    });
+  }
+
+  it('should set selectedAccount to empty string if it is undefined', async () => {
+    const oldState = {
+      engine: {
+        backgroundState: {
+          AccountsController: {
+            internalAccounts: {
+              accounts: {},
+              selectedAccount: undefined,
+            },
+          },
+        },
+      },
+    };
+
+    const expectedState = {
+      engine: {
+        backgroundState: {
+          AccountsController: {
+            internalAccounts: {
+              accounts: {},
+              selectedAccount: '',
+            },
+          },
+        },
+      },
+    };
+
+    const migratedState = await migrate(oldState);
+    expect(migratedState).toStrictEqual(expectedState);
+  });
+
+  it('should set selectedAccount to the id of the first account if accounts exist', async () => {
+    const oldState = {
+      engine: {
+        backgroundState: {
+          AccountsController: {
+            internalAccounts: {
+              accounts: {
+                [expectedUuid]: internalAccount1,
+                [expectedUuid2]: internalAccount2,
+              },
+              selectedAccount: undefined,
+            },
+          },
+        },
+      },
+    };
+
+    const expectedState = {
+      engine: {
+        backgroundState: {
+          AccountsController: {
+            internalAccounts: {
+              accounts: {
+                [expectedUuid]: internalAccount1,
+                [expectedUuid2]: internalAccount2,
+              },
+              selectedAccount: expectedUuid,
+            },
+          },
+        },
+      },
+    };
+
+    const migratedState = await migrate(oldState);
+    expect(migratedState).toStrictEqual(expectedState);
+  });
+
+  it('should leave selectedAccount alone if it is not undefined', async () => {
+    const oldState = {
+      engine: {
+        backgroundState: {
+          AccountsController: {
+            internalAccounts: {
+              accounts: {},
+              selectedAccount: '0x1',
+            },
+          },
+        },
+      },
+    };
+
+    const expectedState = {
+      engine: {
+        backgroundState: {
+          AccountsController: {
+            internalAccounts: {
+              accounts: {},
+              selectedAccount: '0x1',
+            },
+          },
+        },
+      },
+    };
+
+    const migratedState = await migrate(oldState);
+    expect(migratedState).toStrictEqual(expectedState);
+  });
+});
diff --git a/app/store/migrations/059.ts b/app/store/migrations/059.ts
new file mode 100644
index 00000000000..5415d882dde
--- /dev/null
+++ b/app/store/migrations/059.ts
@@ -0,0 +1,67 @@
+import { hasProperty, isObject } from '@metamask/utils';
+import { ensureValidState } from './util';
+import Logger from '../../util/Logger';
+
+/**
+ * Migration for checking if selectedAccount on AccountsController is undefined
+ * If it is, set the field to be an empty string.
+ * An undefined value causes the AccountsController to throw an Error
+ * Fix: The AccountsController automatically sets the selectedAddress if it is an empty string
+ * Fixes issue: View fullstack trace in https://github.com/MetaMask/metamask-mobile/issues/11488
+ *
+ * @param state
+ * @returns
+ */
+export default function migrate(state: unknown) {
+  if (!ensureValidState(state, 59)) {
+    // Increment the migration number as appropriate
+    return state;
+  }
+
+  // Check if selectedAccount is undefined
+  if (
+    hasProperty(state.engine.backgroundState, 'AccountsController') &&
+    isObject(state.engine.backgroundState.AccountsController) &&
+    hasProperty(
+      state.engine.backgroundState.AccountsController,
+      'internalAccounts',
+    ) &&
+    isObject(
+      state.engine.backgroundState.AccountsController.internalAccounts,
+    ) &&
+    hasProperty(
+      state.engine.backgroundState.AccountsController.internalAccounts,
+      'selectedAccount',
+    ) &&
+    state.engine.backgroundState.AccountsController.internalAccounts
+      .selectedAccount === undefined
+  ) {
+    // Try to set the selectedAccount to be the first account id
+    const internalAccounts =
+      state.engine.backgroundState.AccountsController.internalAccounts;
+    if (
+      hasProperty(internalAccounts, 'accounts') &&
+      isObject(internalAccounts.accounts) &&
+      Object.keys(internalAccounts.accounts).length > 0
+    ) {
+      const firstAccount = Object.values(internalAccounts.accounts)[0];
+      if (isObject(firstAccount) && hasProperty(firstAccount, 'id')) {
+        Logger.log(
+          `Migration 59: Setting selectedAccount to the id of the first account.`,
+        );
+        state.engine.backgroundState.AccountsController.internalAccounts.selectedAccount =
+          firstAccount.id;
+      }
+    } else {
+      // Fallback to setting selectedAccount to empty string. AccountsController automatically reconciles the field
+      Logger.log(
+        `Migration 59: AccountController's selectedAccount is undefined. Setting it to empty string.`,
+      );
+      state.engine.backgroundState.AccountsController.internalAccounts.selectedAccount =
+        '';
+    }
+  }
+
+  // Return the modified state
+  return state;
+}
diff --git a/app/store/migrations/index.ts b/app/store/migrations/index.ts
index 91c8ba0a5d5..52ac3f83fc8 100644
--- a/app/store/migrations/index.ts
+++ b/app/store/migrations/index.ts
@@ -59,6 +59,7 @@ import migration55 from './055';
 import migration56 from './056';
 import migration57 from './057';
 import migration58 from './058';
+import migration59 from './059';
 
 type MigrationFunction = (state: unknown) => unknown;
 type AsyncMigrationFunction = (state: unknown) => Promise<unknown>;
@@ -130,6 +131,7 @@ export const migrationList: MigrationsList = {
   56: migration56,
   57: migration57,
   58: migration58,
+  59: migration59,
 };
 
 // Enable both synchronous and asynchronous migrations