diff --git a/lbry/wallet/manager.py b/lbry/wallet/manager.py
index 22f0e5d21..11d90f11d 100644
--- a/lbry/wallet/manager.py
+++ b/lbry/wallet/manager.py
@@ -302,6 +302,9 @@ class WalletManager:
             await self.ledger.broadcast(tx)
             if blocking:
                 await self.ledger.wait(tx, timeout=None)
+        except CodeMessageError as err:
+            log.warning("transaction rejected, leaving reserved")
+            raise
         except:
             await self.ledger.release_tx(tx)
             raise