diff --git a/core/src/main/java/haveno/core/trade/Trade.java b/core/src/main/java/haveno/core/trade/Trade.java
index 582c0d70..4dfbffc5 100644
--- a/core/src/main/java/haveno/core/trade/Trade.java
+++ b/core/src/main/java/haveno/core/trade/Trade.java
@@ -1271,6 +1271,8 @@ public abstract class Trade implements Tradable, Model {
 
             // shut down trade threads
             synchronized (this) {
+                isInitialized = false;
+                isShutDown = true;
                 List<Runnable> shutDownThreads = new ArrayList<>();
                 shutDownThreads.add(() -> ThreadUtils.shutDown(getId()));
                 shutDownThreads.add(() -> ThreadUtils.shutDown(getConnectionChangedThreadId()));
@@ -1305,8 +1307,6 @@ public abstract class Trade implements Tradable, Model {
         }
 
         // de-initialize
-        isInitialized = false;
-        isShutDown = true;
         if (idlePayoutSyncer != null) {
             xmrWalletService.removeWalletListener(idlePayoutSyncer);
             idlePayoutSyncer = null;
diff --git a/core/src/main/java/haveno/core/trade/protocol/TradeProtocol.java b/core/src/main/java/haveno/core/trade/protocol/TradeProtocol.java
index ee044ea5..3e761334 100644
--- a/core/src/main/java/haveno/core/trade/protocol/TradeProtocol.java
+++ b/core/src/main/java/haveno/core/trade/protocol/TradeProtocol.java
@@ -469,8 +469,10 @@ public abstract class TradeProtocol implements DecryptedDirectMessageListener, D
 
     public void handle(DepositsConfirmedMessage response, NodeAddress sender) {
         System.out.println(getClass().getSimpleName() + ".handle(DepositsConfirmedMessage)");
+        if (!trade.isInitialized() || trade.isShutDown()) return;
         ThreadUtils.execute(() -> {
             synchronized (trade) {
+                if (!trade.isInitialized() || trade.isShutDown()) return;
                 latchTrade();
                 this.errorMessageHandler = null;
                 expect(new Condition(trade)
@@ -496,6 +498,7 @@ public abstract class TradeProtocol implements DecryptedDirectMessageListener, D
     // received by seller and arbitrator
     protected void handle(PaymentSentMessage message, NodeAddress peer) {
         System.out.println(getClass().getSimpleName() + ".handle(PaymentSentMessage)");
+        if (!trade.isInitialized() || trade.isShutDown()) return;
         if (!(trade instanceof SellerTrade || trade instanceof ArbitratorTrade)) {
             log.warn("Ignoring PaymentSentMessage since not seller or arbitrator");
             return;
@@ -507,6 +510,7 @@ public abstract class TradeProtocol implements DecryptedDirectMessageListener, D
             // TODO A better fix would be to add a listener for the wallet sync state and process
             // the mailbox msg once wallet is ready and trade state set.
             synchronized (trade) {
+                if (!trade.isInitialized() || trade.isShutDown()) return;
                 if (trade.getPhase().ordinal() >= Trade.Phase.PAYMENT_SENT.ordinal()) {
                     log.warn("Received another PaymentSentMessage which was already processed, ACKing");
                     handleTaskRunnerSuccess(peer, message);
@@ -548,12 +552,14 @@ public abstract class TradeProtocol implements DecryptedDirectMessageListener, D
 
     private void handle(PaymentReceivedMessage message, NodeAddress peer, boolean reprocessOnError) {
         System.out.println(getClass().getSimpleName() + ".handle(PaymentReceivedMessage)");
+        if (!trade.isInitialized() || trade.isShutDown()) return;
         ThreadUtils.execute(() -> {
             if (!(trade instanceof BuyerTrade || trade instanceof ArbitratorTrade)) {
                 log.warn("Ignoring PaymentReceivedMessage since not buyer or arbitrator");
                 return;
             }
             synchronized (trade) {
+                if (!trade.isInitialized() || trade.isShutDown()) return;
                 latchTrade();
                 Validator.checkTradeId(processModel.getOfferId(), message);
                 processModel.setTradeMessage(message);