diff --git a/swap/src/protocol/alice.rs b/swap/src/protocol/alice.rs
index 351cef71..28ef4bce 100644
--- a/swap/src/protocol/alice.rs
+++ b/swap/src/protocol/alice.rs
@@ -19,7 +19,6 @@ mod encrypted_signature;
 pub mod event_loop;
 mod execution_setup;
 pub mod state;
-mod steps;
 pub mod swap;
 mod transfer_proof;
 
diff --git a/swap/src/protocol/alice/steps.rs b/swap/src/protocol/alice/steps.rs
deleted file mode 100644
index 914dc0c6..00000000
--- a/swap/src/protocol/alice/steps.rs
+++ /dev/null
@@ -1,36 +0,0 @@
-use crate::bitcoin;
-use crate::bitcoin::{PunishTimelock, TxCancel, TxRefund};
-use anyhow::{bail, Result};
-
-pub async fn wait_for_bitcoin_refund(
-    tx_cancel: &TxCancel,
-    tx_refund: &TxRefund,
-    punish_timelock: PunishTimelock,
-    bitcoin_wallet: &bitcoin::Wallet,
-) -> Result<Option<bitcoin::Transaction>> {
-    let refund_tx_id = tx_refund.txid();
-    let seen_refund_tx =
-        bitcoin_wallet.watch_until_status(tx_refund, |status| status.has_been_seen());
-
-    let punish_timelock_expired = bitcoin_wallet.watch_until_status(tx_cancel, |status| {
-        status.is_confirmed_with(punish_timelock)
-    });
-
-    tokio::select! {
-        seen_refund = seen_refund_tx => {
-            match seen_refund {
-                Ok(()) => {
-                    let published_refund_tx = bitcoin_wallet.get_raw_transaction(refund_tx_id).await?;
-
-                    Ok(Some(published_refund_tx))
-                }
-                Err(e) => {
-                    bail!(e.context("Failed to monitor refund transaction"))
-                }
-            }
-        }
-        _ = punish_timelock_expired => {
-            Ok(None)
-        }
-    }
-}
diff --git a/swap/src/protocol/alice/swap.rs b/swap/src/protocol/alice/swap.rs
index 218ae8cf..62ad093d 100644
--- a/swap/src/protocol/alice/swap.rs
+++ b/swap/src/protocol/alice/swap.rs
@@ -6,7 +6,6 @@ use crate::env::Config;
 use crate::monero_ext::ScalarExt;
 use crate::protocol::alice;
 use crate::protocol::alice::event_loop::EventLoopHandle;
-use crate::protocol::alice::steps::wait_for_bitcoin_refund;
 use crate::protocol::alice::AliceState;
 use crate::{bitcoin, database, monero};
 use anyhow::{bail, Context, Result};
@@ -309,66 +308,58 @@ async fn run_until_internal(
                 state3,
                 monero_wallet_restore_blockheight,
             } => {
-                let published_refund_tx = wait_for_bitcoin_refund(
-                    &state3.tx_cancel(),
-                    &state3.tx_refund(),
-                    state3.punish_timelock,
-                    &bitcoin_wallet,
-                )
-                .await?;
+                let tx_refund = state3.tx_refund();
+                let tx_cancel = state3.tx_cancel();
 
-                // TODO(Franck): Review error handling
-                match published_refund_tx {
-                    None => {
-                        let state = AliceState::BtcPunishable {
-                            state3,
-                            monero_wallet_restore_blockheight,
-                        };
-                        let db_state = (&state).into();
-                        db.insert_latest_state(swap_id, database::Swap::Alice(db_state))
-                            .await?;
+                let seen_refund_tx =
+                    bitcoin_wallet.watch_until_status(&tx_refund, |status| status.has_been_seen());
 
-                        run_until_internal(
-                            state,
-                            is_target_state,
-                            event_loop_handle,
-                            bitcoin_wallet.clone(),
-                            monero_wallet,
-                            env_config,
-                            swap_id,
-                            db,
-                        )
-                        .await
-                    }
-                    Some(published_refund_tx) => {
-                        let spend_key = state3.tx_refund().extract_monero_private_key(
+                let punish_timelock_expired = bitcoin_wallet
+                    .watch_until_status(&tx_cancel, |status| {
+                        status.is_confirmed_with(state3.punish_timelock)
+                    });
+
+                let state = tokio::select! {
+                    seen_refund = seen_refund_tx => {
+                        seen_refund.context("Failed to monitor refund transaction")?;
+                        let published_refund_tx = bitcoin_wallet.get_raw_transaction(tx_refund.txid()).await?;
+
+                        let spend_key = tx_refund.extract_monero_private_key(
                             published_refund_tx,
                             state3.s_a,
                             state3.a.clone(),
                             state3.S_b_bitcoin,
                         )?;
 
-                        let state = AliceState::BtcRefunded {
+                        AliceState::BtcRefunded {
                             spend_key,
                             state3,
                             monero_wallet_restore_blockheight,
-                        };
-                        let db_state = (&state).into();
-                        db.insert_latest_state(swap_id, database::Swap::Alice(db_state))
-                            .await?;
-                        run_until_internal(
-                            state,
-                            is_target_state,
-                            event_loop_handle,
-                            bitcoin_wallet.clone(),
-                            monero_wallet,
-                            env_config,
-                            swap_id,
-                            db,
-                        )
-                        .await
+                        }
                     }
-                }
+                    _ = punish_timelock_expired => {
+                        AliceState::BtcPunishable {
+                            state3,
+                            monero_wallet_restore_blockheight,
+                        }
+                    }
+                };
+
+                let db_state = (&state).into();
+                db.insert_latest_state(swap_id, database::Swap::Alice(db_state))
+                    .await?;
+
+                run_until_internal(
+                    state,
+                    is_target_state,
+                    event_loop_handle,
+                    bitcoin_wallet.clone(),
+                    monero_wallet,
+                    env_config,
+                    swap_id,
+                    db,
+                )
+                .await
             }
             AliceState::BtcRefunded {
                 spend_key,