diff --git a/crates/blockifier/src/execution/entry_point.rs b/crates/blockifier/src/execution/entry_point.rs
index 9493bf105a..e251e15bff 100644
--- a/crates/blockifier/src/execution/entry_point.rs
+++ b/crates/blockifier/src/execution/entry_point.rs
@@ -31,6 +31,7 @@ use crate::execution::errors::{
     PreExecutionError,
 };
 use crate::execution::execution_utils::execute_entry_point_call_wrapper;
+use crate::execution::stack_trace::extract_trailing_cairo1_revert_trace;
 use crate::state::state_api::{State, StateResult};
 use crate::transaction::objects::{HasRelatedFeeType, TransactionInfo};
 use crate::transaction::transaction_types::TransactionType;
@@ -180,10 +181,8 @@ impl CallEntryPoint {
         if let Ok(call_info) = &execution_result {
             // If the execution of the outer call failed, revert the transction.
             if call_info.execution.failed {
-                let retdata = &call_info.execution.retdata.0;
-
                 return Err(EntryPointExecutionError::ExecutionFailed {
-                    error_data: retdata.clone(),
+                    error_trace: extract_trailing_cairo1_revert_trace(call_info),
                 });
             }
         }
diff --git a/crates/blockifier/src/execution/entry_point_execution.rs b/crates/blockifier/src/execution/entry_point_execution.rs
index 08ebbb2b79..535c89a9ee 100644
--- a/crates/blockifier/src/execution/entry_point_execution.rs
+++ b/crates/blockifier/src/execution/entry_point_execution.rs
@@ -28,6 +28,7 @@ use crate::execution::execution_utils::{
     ReadOnlySegments,
     SEGMENT_ARENA_BUILTIN_SIZE,
 };
+use crate::execution::stack_trace::extract_trailing_cairo1_revert_trace;
 use crate::execution::syscalls::hint_processor::SyscallHintProcessor;
 use crate::state::state_api::State;
 use crate::versioned_constants::GasCosts;
@@ -108,7 +109,7 @@ pub fn execute_entry_point_call(
     )?;
     if call_info.execution.failed && !context.versioned_constants().enable_reverts {
         return Err(EntryPointExecutionError::ExecutionFailed {
-            error_data: call_info.execution.retdata.0,
+            error_trace: extract_trailing_cairo1_revert_trace(&call_info),
         });
     }
 
diff --git a/crates/blockifier/src/execution/errors.rs b/crates/blockifier/src/execution/errors.rs
index ab867ff320..a5434201a5 100644
--- a/crates/blockifier/src/execution/errors.rs
+++ b/crates/blockifier/src/execution/errors.rs
@@ -10,8 +10,6 @@ use cairo_vm::vm::errors::vm_errors::VirtualMachineError;
 use num_bigint::{BigInt, TryFromBigIntError};
 use starknet_api::contract_class::EntryPointType;
 use starknet_api::core::{ClassHash, ContractAddress, EntryPointSelector};
-use starknet_api::execution_utils::format_panic_data;
-use starknet_types_core::felt::Felt;
 use thiserror::Error;
 
 use crate::execution::entry_point::ConstructorContext;
@@ -81,8 +79,8 @@ impl From<RunnerError> for PostExecutionError {
 pub enum EntryPointExecutionError {
     #[error(transparent)]
     CairoRunError(#[from] CairoRunError),
-    #[error("Execution failed. Failure reason: {}.", format_panic_data(.error_data))]
-    ExecutionFailed { error_data: Vec<Felt> },
+    #[error("Execution failed. Failure reason: {error_trace}.")]
+    ExecutionFailed { error_trace: String },
     #[error("Internal error: {0}")]
     InternalError(String),
     #[error("Invalid input: {input_descriptor}; {info}")]
diff --git a/crates/blockifier/src/execution/stack_trace.rs b/crates/blockifier/src/execution/stack_trace.rs
index dedf766f02..0c02444da8 100644
--- a/crates/blockifier/src/execution/stack_trace.rs
+++ b/crates/blockifier/src/execution/stack_trace.rs
@@ -4,9 +4,11 @@ use cairo_vm::vm::errors::hint_errors::HintError;
 use cairo_vm::vm::errors::vm_errors::VirtualMachineError;
 use itertools::Itertools;
 use starknet_api::core::{ClassHash, ContractAddress, EntryPointSelector};
+use starknet_api::execution_utils::format_panic_data;
 
 use super::deprecated_syscalls::hint_processor::DeprecatedSyscallExecutionError;
 use super::syscalls::hint_processor::SyscallExecutionError;
+use crate::execution::call_info::CallInfo;
 use crate::execution::errors::{ConstructorEntryPointExecutionError, EntryPointExecutionError};
 use crate::transaction::errors::TransactionExecutionError;
 
@@ -152,6 +154,10 @@ impl ErrorStack {
     }
 }
 
+pub fn extract_trailing_cairo1_revert_trace(root_callinfo: &CallInfo) -> String {
+    format_panic_data(&root_callinfo.execution.retdata.0)
+}
+
 /// Extracts the error trace from a `TransactionExecutionError`. This is a top level function.
 pub fn gen_tx_execution_error_trace(error: &TransactionExecutionError) -> ErrorStack {
     match error {
diff --git a/crates/blockifier/src/execution/syscalls/syscall_tests/failure_format.rs b/crates/blockifier/src/execution/syscalls/syscall_tests/failure_format.rs
index 27891c2f2d..803da94381 100644
--- a/crates/blockifier/src/execution/syscalls/syscall_tests/failure_format.rs
+++ b/crates/blockifier/src/execution/syscalls/syscall_tests/failure_format.rs
@@ -1,23 +1,33 @@
 use cairo_lang_utils::byte_array::BYTE_ARRAY_MAGIC;
 use starknet_types_core::felt::Felt;
 
+use crate::execution::call_info::{CallExecution, CallInfo, Retdata};
 use crate::execution::errors::EntryPointExecutionError;
+use crate::execution::stack_trace::extract_trailing_cairo1_revert_trace;
 
 #[test]
 fn test_syscall_failure_format() {
-    let error_data = vec![
-        // Magic to indicate that this is a byte array.
-        BYTE_ARRAY_MAGIC,
-        // The number of full words in the byte array.
-        "0x00",
-        // The pending word of the byte array: "Execution failure"
-        "0x457865637574696f6e206661696c757265",
-        // The length of the pending word.
-        "0x11",
-    ]
-    .into_iter()
-    .map(|x| Felt::from_hex(x).unwrap())
-    .collect();
-    let error = EntryPointExecutionError::ExecutionFailed { error_data };
+    let error_data = Retdata(
+        vec![
+            // Magic to indicate that this is a byte array.
+            BYTE_ARRAY_MAGIC,
+            // The number of full words in the byte array.
+            "0x00",
+            // The pending word of the byte array: "Execution failure"
+            "0x457865637574696f6e206661696c757265",
+            // The length of the pending word.
+            "0x11",
+        ]
+        .into_iter()
+        .map(|x| Felt::from_hex(x).unwrap())
+        .collect(),
+    );
+    let callinfo = CallInfo {
+        execution: CallExecution { retdata: error_data, failed: true, ..Default::default() },
+        ..Default::default()
+    };
+    let error = EntryPointExecutionError::ExecutionFailed {
+        error_trace: extract_trailing_cairo1_revert_trace(&callinfo),
+    };
     assert_eq!(error.to_string(), "Execution failed. Failure reason: \"Execution failure\".");
 }
diff --git a/crates/blockifier/src/transaction/account_transaction.rs b/crates/blockifier/src/transaction/account_transaction.rs
index 8ae5e146c7..58c48bf084 100644
--- a/crates/blockifier/src/transaction/account_transaction.rs
+++ b/crates/blockifier/src/transaction/account_transaction.rs
@@ -26,6 +26,7 @@ use crate::context::{BlockContext, TransactionContext};
 use crate::execution::call_info::{CallInfo, Retdata};
 use crate::execution::contract_class::ContractClass;
 use crate::execution::entry_point::{CallEntryPoint, CallType, EntryPointExecutionContext};
+use crate::execution::stack_trace::extract_trailing_cairo1_revert_trace;
 use crate::fee::fee_checks::{FeeCheckReportFields, PostExecutionReport};
 use crate::fee::fee_utils::{
     get_fee_by_gas_vector,
@@ -944,7 +945,7 @@ impl ValidatableTransaction for AccountTransaction {
 
             if validate_call_info.execution.failed {
                 return Err(TransactionExecutionError::PanicInValidate {
-                    panic_reason: validate_call_info.execution.retdata,
+                    panic_reason: extract_trailing_cairo1_revert_trace(&validate_call_info),
                 });
             }
 
diff --git a/crates/blockifier/src/transaction/errors.rs b/crates/blockifier/src/transaction/errors.rs
index fd861cfb7e..f0f0066039 100644
--- a/crates/blockifier/src/transaction/errors.rs
+++ b/crates/blockifier/src/transaction/errors.rs
@@ -3,7 +3,6 @@ use num_bigint::BigUint;
 use starknet_api::block::GasPrice;
 use starknet_api::core::{ClassHash, ContractAddress, EntryPointSelector, Nonce};
 use starknet_api::execution_resources::GasAmount;
-use starknet_api::execution_utils::format_panic_data;
 use starknet_api::transaction::{Fee, Resource, TransactionVersion};
 use starknet_api::StarknetApiError;
 use starknet_types_core::felt::FromStrError;
@@ -104,8 +103,8 @@ pub enum TransactionExecutionError {
     FeeCheckError(#[from] FeeCheckError),
     #[error(transparent)]
     FromStr(#[from] FromStrError),
-    #[error("The `validate` entry point panicked with {}.", format_panic_data(&panic_reason.0))]
-    PanicInValidate { panic_reason: Retdata },
+    #[error("The `validate` entry point panicked with {panic_reason}.")]
+    PanicInValidate { panic_reason: String },
     #[error("The `validate` entry point should return `VALID`. Got {actual:?}.")]
     InvalidValidateReturnData { actual: Retdata },
     #[error(