diff --git a/Cargo.lock b/Cargo.lock
index d9c0aed75..3ba8fd677 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3658,7 +3658,7 @@ dependencies = [
  "solana-logger 1.8.0",
  "solana-sdk",
  "solana_rbpf",
- "time 0.3.0",
+ "time 0.3.1",
 ]
 
 [[package]]
@@ -6402,9 +6402,9 @@ dependencies = [
 
 [[package]]
 name = "time"
-version = "0.3.0"
+version = "0.3.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6cf2535c6456e772ad756a0854ec907ede55d73d0b5a34855d808cb2d2f0942e"
+checksum = "1a776787d9c5d455bec3db044586ccdd8a9c74d5da5dc319fb80f3db08808fe6"
 dependencies = [
  "libc",
 ]
diff --git a/rbpf-cli/Cargo.toml b/rbpf-cli/Cargo.toml
index 983d9d89a..d251e7215 100644
--- a/rbpf-cli/Cargo.toml
+++ b/rbpf-cli/Cargo.toml
@@ -16,4 +16,4 @@ solana-bpf-loader-program = { path = "../programs/bpf_loader", version = "=1.8.0
 solana-logger = { path = "../logger", version = "=1.8.0" }
 solana-sdk = { path = "../sdk", version = "=1.8.0" }
 solana_rbpf = "=0.2.14"
-time = "0.3.0"
+time = "0.3.1"