diff --git a/Cargo.lock b/Cargo.lock
index f709f8bac..1b3dc0fd2 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -786,16 +786,6 @@ dependencies = [
  "thread-scoped",
 ]
 
-[[package]]
-name = "crossbeam-channel"
-version = "0.4.4"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b153fe7cbef478c567df0f972e02e6d736db11affe43dfc9c56a9374d1adfb87"
-dependencies = [
- "crossbeam-utils 0.7.2",
- "maybe-uninit",
-]
-
 [[package]]
 name = "crossbeam-channel"
 version = "0.5.0"
@@ -3407,7 +3397,7 @@ version = "1.9.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "9ab346ac5921dc62ffa9f89b7a773907511cdfa5490c572ae9be1be33e8afa4a"
 dependencies = [
- "crossbeam-channel 0.5.0",
+ "crossbeam-channel",
  "crossbeam-deque 0.8.0",
  "crossbeam-utils 0.8.1",
  "lazy_static",
@@ -4029,7 +4019,7 @@ name = "solana-accounts-bench"
 version = "1.8.0"
 dependencies = [
  "clap 2.33.3",
- "crossbeam-channel 0.4.4",
+ "crossbeam-channel",
  "log 0.4.11",
  "rand 0.7.3",
  "rayon",
@@ -4070,7 +4060,7 @@ name = "solana-banking-bench"
 version = "1.8.0"
 dependencies = [
  "clap 2.33.3",
- "crossbeam-channel 0.4.4",
+ "crossbeam-channel",
  "log 0.4.11",
  "rand 0.7.3",
  "rayon",
@@ -4420,7 +4410,7 @@ dependencies = [
  "byteorder",
  "chrono",
  "core_affinity",
- "crossbeam-channel 0.4.4",
+ "crossbeam-channel",
  "ed25519-dalek",
  "flate2",
  "fs_extra",
@@ -4789,7 +4779,7 @@ dependencies = [
  "byteorder",
  "chrono",
  "chrono-humanize",
- "crossbeam-channel 0.4.4",
+ "crossbeam-channel",
  "dlopen",
  "dlopen_derive",
  "ed25519-dalek",
@@ -4878,7 +4868,7 @@ name = "solana-local-cluster"
 version = "1.8.0"
 dependencies = [
  "assert_matches",
- "crossbeam-channel 0.4.4",
+ "crossbeam-channel",
  "fs_extra",
  "gag",
  "itertools",
@@ -5206,7 +5196,7 @@ name = "solana-rpc"
 version = "1.8.0"
 dependencies = [
  "bs58 0.4.0",
- "crossbeam-channel 0.4.4",
+ "crossbeam-channel",
  "jsonrpc-core",
  "jsonrpc-core-client",
  "jsonrpc-derive",
@@ -5241,7 +5231,7 @@ dependencies = [
  "bv",
  "byteorder",
  "bzip2",
- "crossbeam-channel 0.4.4",
+ "crossbeam-channel",
  "dashmap",
  "dir-diff",
  "flate2",
diff --git a/accounts-bench/Cargo.toml b/accounts-bench/Cargo.toml
index 6c1a51fa0..f74330e0e 100644
--- a/accounts-bench/Cargo.toml
+++ b/accounts-bench/Cargo.toml
@@ -18,7 +18,7 @@ solana-sdk = { path = "../sdk", version = "=1.8.0" }
 solana-version = { path = "../version", version = "=1.8.0" }
 rand = "0.7.0"
 clap = "2.33.1"
-crossbeam-channel = "0.4"
+crossbeam-channel = "0.5"
 
 [package.metadata.docs.rs]
 targets = ["x86_64-unknown-linux-gnu"]
diff --git a/banking-bench/Cargo.toml b/banking-bench/Cargo.toml
index f145015eb..14f673cf8 100644
--- a/banking-bench/Cargo.toml
+++ b/banking-bench/Cargo.toml
@@ -10,7 +10,7 @@ publish = false
 
 [dependencies]
 clap = "2.33.1"
-crossbeam-channel = "0.4"
+crossbeam-channel = "0.5"
 log = "0.4.11"
 rand = "0.7.0"
 rayon = "1.5.0"
diff --git a/core/Cargo.toml b/core/Cargo.toml
index 365382ad2..301faf66f 100644
--- a/core/Cargo.toml
+++ b/core/Cargo.toml
@@ -23,7 +23,7 @@ bs58 = "0.4.0"
 byteorder = "1.3.4"
 chrono = { version = "0.4.11", features = ["serde"] }
 core_affinity = "0.5.10"
-crossbeam-channel = "0.4"
+crossbeam-channel = "0.5"
 ed25519-dalek = "=1.0.1"
 fs_extra = "1.2.0"
 flate2 = "1.0"
diff --git a/ledger/Cargo.toml b/ledger/Cargo.toml
index e985c5e6b..12df3a93e 100644
--- a/ledger/Cargo.toml
+++ b/ledger/Cargo.toml
@@ -14,7 +14,7 @@ bincode = "1.3.1"
 byteorder = "1.3.4"
 chrono = { version = "0.4.11", features = ["serde"] }
 chrono-humanize = "0.2.1"
-crossbeam-channel = "0.4"
+crossbeam-channel = "0.5"
 dlopen_derive = "0.1.4"
 dlopen = "0.1.8"
 ed25519-dalek = "1.0.1"
diff --git a/local-cluster/Cargo.toml b/local-cluster/Cargo.toml
index 2023b5c14..7ed922b9e 100644
--- a/local-cluster/Cargo.toml
+++ b/local-cluster/Cargo.toml
@@ -10,7 +10,7 @@ homepage = "https://solana.com/"
 documentation = "https://docs.rs/solana-local-cluster"
 
 [dependencies]
-crossbeam-channel = "0.4"
+crossbeam-channel = "0.5"
 itertools = "0.9.0"
 gag = "0.1.10"
 fs_extra = "1.2.0"
diff --git a/programs/bpf/Cargo.lock b/programs/bpf/Cargo.lock
index ab0eacc86..b0a71dc50 100644
--- a/programs/bpf/Cargo.lock
+++ b/programs/bpf/Cargo.lock
@@ -509,16 +509,6 @@ dependencies = [
  "cfg-if 0.1.10",
 ]
 
-[[package]]
-name = "crossbeam-channel"
-version = "0.4.4"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b153fe7cbef478c567df0f972e02e6d736db11affe43dfc9c56a9374d1adfb87"
-dependencies = [
- "crossbeam-utils 0.7.2",
- "maybe-uninit",
-]
-
 [[package]]
 name = "crossbeam-channel"
 version = "0.5.0"
@@ -2254,7 +2244,7 @@ version = "1.9.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "9ab346ac5921dc62ffa9f89b7a773907511cdfa5490c572ae9be1be33e8afa4a"
 dependencies = [
- "crossbeam-channel 0.5.0",
+ "crossbeam-channel",
  "crossbeam-deque 0.8.0",
  "crossbeam-utils 0.8.1",
  "lazy_static",
@@ -3458,7 +3448,7 @@ dependencies = [
  "bv",
  "byteorder 1.3.4",
  "bzip2",
- "crossbeam-channel 0.4.4",
+ "crossbeam-channel",
  "dashmap",
  "dir-diff",
  "flate2",
diff --git a/rpc/Cargo.toml b/rpc/Cargo.toml
index 542751930..dd9ccac48 100644
--- a/rpc/Cargo.toml
+++ b/rpc/Cargo.toml
@@ -11,7 +11,7 @@ edition = "2018"
 
 [dependencies]
 bs58 = "0.4.0"
-crossbeam-channel = "0.4"
+crossbeam-channel = "0.5"
 jsonrpc-core = "17.0.0"
 jsonrpc-core-client = { version = "17.0.0", features = ["ipc", "ws"] }
 jsonrpc-derive = "17.0.0"
diff --git a/runtime/Cargo.toml b/runtime/Cargo.toml
index 4f0c8bbd6..ab5b7d3db 100644
--- a/runtime/Cargo.toml
+++ b/runtime/Cargo.toml
@@ -17,7 +17,7 @@ bv = { version = "0.11.1", features = ["serde"] }
 byteorder = "1.3.4"
 bzip2 = "0.3.3"
 dashmap = { version = "4.0.2", features = ["rayon", "raw-api"] }
-crossbeam-channel = "0.4"
+crossbeam-channel = "0.5"
 dir-diff = "0.3.2"
 flate2 = "1.0.14"
 fnv = "1.0.7"