diff --git a/src/mappings/mappingHandlers.ts b/src/mappings/mappingHandlers.ts
index 791136e3..d928dba1 100644
--- a/src/mappings/mappingHandlers.ts
+++ b/src/mappings/mappingHandlers.ts
@@ -165,84 +165,6 @@ export async function handleStateChangeEvent(cosmosEvent: CosmosEvent): Promise<
 
   await Promise.allSettled(recordSaves);
 }
-
-export async function handleTransferEvent(
-  cosmosEvent: CosmosEvent
-): Promise<void> {
-  const { event } = cosmosEvent;
-
-  if (event.type != EVENT_TYPES.TRANSFER) {
-    logger.warn('Not valid transfer event.');
-    return;
-  }
-
-  logger.info('Event:TRANSFER');
-  logger.info(`Event Data:${JSON.stringify(cosmosEvent.event)}`);
-
-  const balancesKit = balancesEventKit();
-  const data = balancesKit.getData(cosmosEvent);
-  logger.info(`Decoded Data:${JSON.stringify(data)}`);
-
-  const recipientAddress = balancesKit.getAttributeValue(
-    data,
-    BALANCE_FIELDS.transfer_recipient
-  );
-  const senderAddress = balancesKit.getAttributeValue(
-    data,
-    BALANCE_FIELDS.transfer_sender
-  );
-  const transactionAmount = balancesKit.getAttributeValue(
-    data,
-    BALANCE_FIELDS.amount
-  );
-
-  if (!recipientAddress) {
-    logger.error('Recipient address is missing or invalid.');
-    return;
-  }
-
-  if (!senderAddress) {
-    logger.error('Sender address is missing or invalid.');
-    return;
-  }
-
-  const { isBLDTransaction, amount } =
-    balancesKit.validateBLDTransaction(transactionAmount);
-
-  if (!transactionAmount || !isBLDTransaction) {
-    logger.error(`Amount ${transactionAmount} invalid.`);
-    return;
-  }
-
-  const [recipientEntryExists, senderEntryExists] = await Promise.all([
-    balancesKit.addressExists(recipientAddress),
-    balancesKit.addressExists(senderAddress),
-  ]);
-
-  if (!recipientEntryExists) {
-    await balancesKit.createBalancesEntry(recipientAddress);
-  }
-
-  if (!senderEntryExists) {
-    await balancesKit.createBalancesEntry(senderAddress);
-  }
-
-  const adjustedAmount = BigInt(Math.round(Number(amount.slice(0, -4))));
-
-  await Promise.all([
-    balancesKit.updateBalance(
-      senderAddress,
-      adjustedAmount,
-      Operation.Decrement
-    ),
-    balancesKit.updateBalance(
-      recipientAddress,
-      adjustedAmount,
-      Operation.Increment
-    ),
-  ]);
-}
-
 export async function handleBalanceEvent(
   cosmosEvent: CosmosEvent
 ): Promise<void> {