diff --git a/chain-evm/Cargo.toml b/chain-evm/Cargo.toml
index 251b5b573..e6895d4fb 100644
--- a/chain-evm/Cargo.toml
+++ b/chain-evm/Cargo.toml
@@ -12,7 +12,7 @@ base64 = { version = "0.13.0", default-features = false, features = ["alloc"] }
 blake2 = { version = "0.9.1", git = "https://github.com/near/near-blake2.git", rev = "736ff607cc8160af87ffa697c14ebef85050138f", default-features = false }
 bn = { package = "aurora-bn", version = "0.1.0", git = "https://github.com/aurora-is-near/aurora-bn.git", default-features = false, features = ["std"] }
 libsecp256k1 = { version = "0.7.0", default-features = false, features = ["static-context"] }
-secp256k1 = { version = "0.23.0", features = ["global-context", "rand-std", "recovery"] }
+secp256k1 = { version = "0.24.2", features = ["global-context", "rand-std", "recovery"] }
 num = { version = "0.4.0", default-features = false, features = ["alloc"] }
 ripemd = { version = "0.1", default-features = false }
 rlp = { version = "0.5.1", default-features = false }