diff --git a/Cargo.lock b/Cargo.lock
index a357c4efc..0f5119832 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -254,9 +254,9 @@ checksum = "904dfeac50f3cdaba28fc6f57fdcddb75f49ed61346676a78c4ffe55877802fd"
 
 [[package]]
 name = "bech32"
-version = "0.8.0"
+version = "0.8.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6c7f7096bc256f5e5cb960f60dfc4f4ef979ca65abe7fb9d5a4f77150d3783d4"
+checksum = "cf9ff0bbfd639f15c74af777d81383cf53efb7c93613f6cab67c6c11e05bbf8b"
 
 [[package]]
 name = "beef"
diff --git a/zebra-chain/Cargo.toml b/zebra-chain/Cargo.toml
index 3478a2fa6..a89f91607 100644
--- a/zebra-chain/Cargo.toml
+++ b/zebra-chain/Cargo.toml
@@ -14,7 +14,7 @@ bench = ["zebra-test"]
 
 [dependencies]
 aes = "0.6"
-bech32 = "0.8.0"
+bech32 = "0.8.1"
 bitflags = "1.2.1"
 bitvec = "0.17.4"
 blake2b_simd = "0.5.11"