diff --git a/go/common/log/log.go b/go/common/log/log.go
index 416e837830..2b33865511 100644
--- a/go/common/log/log.go
+++ b/go/common/log/log.go
@@ -57,9 +57,9 @@ func New(component string, level int, out string, ctx ...interface{}) gethlog.Lo
 	l := gethlog.New(context...)
 	var s gethlog.Handler
 	if out == SysOut {
-		s = gethlog.StreamHandler(os.Stdout, gethlog.TerminalFormat(false))
+		s = gethlog.StreamHandler(os.Stdout, TenLogFormat())
 	} else {
-		s1, err := gethlog.FileHandler(out, gethlog.LogfmtFormat())
+		s1, err := gethlog.FileHandler(out, TenLogFormat())
 		if err != nil {
 			panic(err)
 		}
diff --git a/go/common/log/logformat.go b/go/common/log/logformat.go
new file mode 100644
index 0000000000..f83107ca26
--- /dev/null
+++ b/go/common/log/logformat.go
@@ -0,0 +1,324 @@
+package log
+
+import (
+	"bytes"
+	"fmt"
+	"math/big"
+	"reflect"
+	"strconv"
+	"strings"
+	"sync"
+	"sync/atomic"
+	"time"
+	"unicode/utf8"
+
+	gethlog "github.com/ethereum/go-ethereum/log"
+	"github.com/holiman/uint256"
+)
+
+// IMPORTANT - the utilities and constants in this format class are copied from the geth log package
+// (go-ethereum/log/format.go) and modified to suit our needs. Unfortunately geth log format is not configurable
+// and implementation is all private so had to duplicate a lot of it.
+//
+// The code was modified in places to remove things we don't need, e.g. color, but other than that it's identical.
+
+const (
+	timeFormat        = "2006-01-02T15:04:05-0700"
+	termTimeFormat    = "01-02|15:04:05.000"
+	floatFormat       = 'f'
+	termMsgJust       = 40
+	termCtxMaxPadding = 40
+)
+
+// locationTrims are trimmed for display to avoid unwieldy log lines.
+var locationTrims = []string{
+	"github.com/ethereum/go-ethereum/",
+	"github.com/ten-protocol/go-ten/",
+}
+
+// locationEnabled is an atomic flag controlling whether the terminal formatter
+// should append the log locations too when printing entries.
+var locationEnabled atomic.Bool
+
+// locationLength is the maxmimum path length encountered, which all logs are
+// padded to aid in alignment.
+var locationLength atomic.Uint32
+
+// fieldPadding is a global map with maximum field value lengths seen until now
+// to allow padding log contexts in a bit smarter way.
+var fieldPadding = make(map[string]int)
+
+// fieldPaddingLock is a global mutex protecting the field padding map.
+var fieldPaddingLock sync.RWMutex
+
+// TenLogFormat - returns a log format that is used by the Ten logger for both console and file logging.
+// Note: this is mostly a copy of gethlog.TerminalFormat but putting it here gives us control and
+// means we aren't forced to use the shortened hash format
+func TenLogFormat() gethlog.Format {
+	return gethlog.FormatFunc(func(r *gethlog.Record) []byte {
+		msg := escapeMessage(r.Msg)
+
+		b := &bytes.Buffer{}
+		lvl := r.Lvl.AlignedString()
+		if locationEnabled.Load() {
+			// Log origin printing was requested, format the location path and line number
+			location := fmt.Sprintf("%+v", r.Call)
+			for _, prefix := range locationTrims {
+				location = strings.TrimPrefix(location, prefix)
+			}
+			// Maintain the maximum location length for fancyer alignment
+			align := int(locationLength.Load())
+			if align < len(location) {
+				align = len(location)
+				locationLength.Store(uint32(align))
+			}
+			padding := strings.Repeat(" ", align-len(location))
+
+			// Assemble and print the log heading
+			fmt.Fprintf(b, "%s[%s|%s]%s %s ", lvl, r.Time.Format(termTimeFormat), location, padding, msg)
+		} else {
+			fmt.Fprintf(b, "%s[%s] %s ", lvl, r.Time.Format(termTimeFormat), msg)
+		}
+		// try to justify the log output for short messages
+		length := utf8.RuneCountInString(msg)
+		if len(r.Ctx) > 0 && length < termMsgJust {
+			b.Write(bytes.Repeat([]byte{' '}, termMsgJust-length))
+		}
+		// print the keys logfmt style
+		logfmt(b, r.Ctx)
+		return b.Bytes()
+	})
+}
+
+func logfmt(buf *bytes.Buffer, ctx []interface{}) {
+	for i := 0; i < len(ctx); i += 2 {
+		if i != 0 {
+			buf.WriteByte(' ')
+		}
+
+		k, ok := ctx[i].(string)
+		v := formatLogfmtValue(ctx[i+1])
+		if !ok {
+			k, v = ErrKey, fmt.Sprintf("%+T is not a string key", ctx[i])
+		} else {
+			k = escapeString(k)
+		}
+
+		// XXX: we should probably check that all of your key bytes aren't invalid
+		fieldPaddingLock.RLock()
+		padding := fieldPadding[k]
+		fieldPaddingLock.RUnlock()
+
+		length := utf8.RuneCountInString(v)
+		if padding < length && length <= termCtxMaxPadding {
+			padding = length
+
+			fieldPaddingLock.Lock()
+			fieldPadding[k] = padding
+			fieldPaddingLock.Unlock()
+		}
+		buf.WriteString(k)
+		buf.WriteByte('=')
+		buf.WriteString(v)
+		if i < len(ctx)-2 && padding > length {
+			buf.Write(bytes.Repeat([]byte{' '}, padding-length))
+		}
+	}
+	buf.WriteByte('\n')
+}
+
+func formatShared(value interface{}) (result interface{}) {
+	defer func() {
+		if err := recover(); err != nil {
+			if v := reflect.ValueOf(value); v.Kind() == reflect.Ptr && v.IsNil() {
+				result = "nil"
+			} else {
+				panic(err)
+			}
+		}
+	}()
+
+	switch v := value.(type) {
+	case time.Time:
+		return v.Format(timeFormat)
+
+	case error:
+		return v.Error()
+
+	case fmt.Stringer:
+		return v.String()
+
+	default:
+		return v
+	}
+}
+
+// formatValue formats a value for serialization
+func formatLogfmtValue(value interface{}) string {
+	if value == nil {
+		return "nil"
+	}
+
+	switch v := value.(type) {
+	case time.Time:
+		// Performance optimization: No need for escaping since the provided
+		// timeFormat doesn't have any escape characters, and escaping is
+		// expensive.
+		return v.Format(timeFormat)
+
+	case *big.Int:
+		// Big ints get consumed by the Stringer clause, so we need to handle
+		// them earlier on.
+		if v == nil {
+			return "<nil>"
+		}
+		return formatLogfmtBigInt(v)
+
+	case *uint256.Int:
+		// Uint256s get consumed by the Stringer clause, so we need to handle
+		// them earlier on.
+		if v == nil {
+			return "<nil>"
+		}
+		return formatLogfmtUint256(v)
+	}
+
+	value = formatShared(value)
+	switch v := value.(type) {
+	case bool:
+		return strconv.FormatBool(v)
+	case float32:
+		return strconv.FormatFloat(float64(v), floatFormat, 3, 64)
+	case float64:
+		return strconv.FormatFloat(v, floatFormat, 3, 64)
+	case int8:
+		return strconv.FormatInt(int64(v), 10)
+	case uint8:
+		return strconv.FormatInt(int64(v), 10)
+	case int16:
+		return strconv.FormatInt(int64(v), 10)
+	case uint16:
+		return strconv.FormatInt(int64(v), 10)
+	// Larger integers get thousands separators.
+	case int:
+		return gethlog.FormatLogfmtInt64(int64(v))
+	case int32:
+		return gethlog.FormatLogfmtInt64(int64(v))
+	case int64:
+		return gethlog.FormatLogfmtInt64(v)
+	case uint:
+		return gethlog.FormatLogfmtUint64(uint64(v))
+	case uint32:
+		return gethlog.FormatLogfmtUint64(uint64(v))
+	case uint64:
+		return gethlog.FormatLogfmtUint64(v)
+	case string:
+		return escapeString(v)
+	default:
+		return escapeString(fmt.Sprintf("%+v", value))
+	}
+}
+
+// formatLogfmtBigInt formats n with thousand separators.
+func formatLogfmtBigInt(n *big.Int) string {
+	if n.IsUint64() {
+		return gethlog.FormatLogfmtUint64(n.Uint64())
+	}
+	if n.IsInt64() {
+		return gethlog.FormatLogfmtInt64(n.Int64())
+	}
+
+	var (
+		text  = n.String()
+		buf   = make([]byte, len(text)+len(text)/3)
+		comma = 0
+		i     = len(buf) - 1
+	)
+	for j := len(text) - 1; j >= 0; j, i = j-1, i-1 {
+		c := text[j]
+
+		switch {
+		case c == '-':
+			buf[i] = c
+		case comma == 3:
+			buf[i] = ','
+			i--
+			comma = 0
+			fallthrough
+		default:
+			buf[i] = c
+			comma++
+		}
+	}
+	return string(buf[i+1:])
+}
+
+// formatLogfmtUint256 formats n with thousand separators.
+func formatLogfmtUint256(n *uint256.Int) string {
+	if n.IsUint64() {
+		return gethlog.FormatLogfmtUint64(n.Uint64())
+	}
+	var (
+		text  = n.Dec()
+		buf   = make([]byte, len(text)+len(text)/3)
+		comma = 0
+		i     = len(buf) - 1
+	)
+	for j := len(text) - 1; j >= 0; j, i = j-1, i-1 {
+		c := text[j]
+
+		switch {
+		case c == '-':
+			buf[i] = c
+		case comma == 3:
+			buf[i] = ','
+			i--
+			comma = 0
+			fallthrough
+		default:
+			buf[i] = c
+			comma++
+		}
+	}
+	return string(buf[i+1:])
+}
+
+// escapeString checks if the provided string needs escaping/quoting, and
+// calls strconv.Quote if needed
+func escapeString(s string) string {
+	needsQuoting := false
+	for _, r := range s {
+		// We quote everything below " (0x22) and above~ (0x7E), plus equal-sign
+		if r <= '"' || r > '~' || r == '=' {
+			needsQuoting = true
+			break
+		}
+	}
+	if !needsQuoting {
+		return s
+	}
+	return strconv.Quote(s)
+}
+
+// escapeMessage checks if the provided string needs escaping/quoting, similarly
+// to escapeString. The difference is that this method is more lenient: it allows
+// for spaces and linebreaks to occur without needing quoting.
+func escapeMessage(s string) string {
+	needsQuoting := false
+	for _, r := range s {
+		// Allow CR/LF/TAB. This is to make multi-line messages work.
+		if r == '\r' || r == '\n' || r == '\t' {
+			continue
+		}
+		// We quote everything below <space> (0x20) and above~ (0x7E),
+		// plus equal-sign
+		if r < ' ' || r > '~' || r == '=' {
+			needsQuoting = true
+			break
+		}
+	}
+	if !needsQuoting {
+		return s
+	}
+	return strconv.Quote(s)
+}
diff --git a/integration/common/testlog/testlog.go b/integration/common/testlog/testlog.go
index 11f7cb0a58..14ca2d0c22 100644
--- a/integration/common/testlog/testlog.go
+++ b/integration/common/testlog/testlog.go
@@ -45,7 +45,7 @@ func Setup(cfg *Cfg) *os.File {
 	}
 	logFile = f.Name()
 	// hardcode geth log level to error only
-	gethlog.Root().SetHandler(gethlog.LvlFilterHandler(cfg.LogLevel, gethlog.StreamHandler(f, gethlog.LogfmtFormat())))
+	gethlog.Root().SetHandler(gethlog.LvlFilterHandler(cfg.LogLevel, gethlog.StreamHandler(f, log.TenLogFormat())))
 	testlog = gethlog.Root().New(log.CmpKey, log.TestLogCmp)
 	return f
 }
diff --git a/tools/faucet/faucet/faucet.go b/tools/faucet/faucet/faucet.go
index 981fd4dd66..4efb7c6132 100644
--- a/tools/faucet/faucet/faucet.go
+++ b/tools/faucet/faucet/faucet.go
@@ -13,6 +13,7 @@ import (
 	"github.com/ethereum/go-ethereum/common"
 	"github.com/ethereum/go-ethereum/core/types"
 	"github.com/ethereum/go-ethereum/log"
+	tenlog "github.com/ten-protocol/go-ten/go/common/log"
 	"github.com/ten-protocol/go-ten/go/obsclient"
 	"github.com/ten-protocol/go-ten/go/rpc"
 	"github.com/ten-protocol/go-ten/go/wallet"
@@ -37,7 +38,7 @@ type Faucet struct {
 
 func NewFaucet(rpcURL string, chainID int64, pkString string) (*Faucet, error) {
 	logger := log.New()
-	logger.SetHandler(log.StreamHandler(os.Stdout, log.TerminalFormat(false)))
+	logger.SetHandler(log.StreamHandler(os.Stdout, tenlog.TenLogFormat()))
 	w := wallet.NewInMemoryWalletFromConfig(pkString, chainID, logger)
 	obsClient, err := obsclient.DialWithAuth(rpcURL, w, logger)
 	if err != nil {
diff --git a/tools/walletextension/common/common.go b/tools/walletextension/common/common.go
index 500981fe30..b01d8e1a6a 100644
--- a/tools/walletextension/common/common.go
+++ b/tools/walletextension/common/common.go
@@ -8,6 +8,7 @@ import (
 
 	"github.com/ethereum/go-ethereum/crypto"
 	"github.com/ethereum/go-ethereum/crypto/ecies"
+	"github.com/ten-protocol/go-ten/go/common/log"
 	"github.com/ten-protocol/go-ten/go/common/viewingkey"
 	"github.com/ten-protocol/go-ten/go/rpc"
 
@@ -92,7 +93,7 @@ func NewFileLogger() gethlog.Logger {
 	logger := gethlog.New()
 
 	// Set the handler to the file
-	logger.SetHandler(gethlog.StreamHandler(file, gethlog.TerminalFormat(false)))
+	logger.SetHandler(gethlog.StreamHandler(file, log.TenLogFormat()))
 
 	return logger
 }