diff --git a/Cargo.lock b/Cargo.lock
index 8be54818c4..0c91487e9b 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -438,7 +438,7 @@ dependencies = [
  "bitcoin-private",
  "bitcoin_hashes",
  "hex_lit",
- "secp256k1",
+ "secp256k1 0.27.0",
  "serde",
 ]
 
@@ -2570,7 +2570,7 @@ dependencies = [
  "regex",
  "retry",
  "ripemd",
- "secp256k1",
+ "secp256k1 0.29.0",
  "semver",
  "serde",
  "serde_derive",
@@ -3235,7 +3235,7 @@ dependencies = [
  "once_cell",
  "primitive-types 0.10.1",
  "rand 0.7.3",
- "secp256k1",
+ "secp256k1 0.27.0",
  "serde",
  "serde_json",
  "subtle",
@@ -4592,10 +4592,20 @@ checksum = "25996b82292a7a57ed3508f052cfff8640d38d32018784acd714758b43da9c8f"
 dependencies = [
  "bitcoin_hashes",
  "rand 0.8.5",
- "secp256k1-sys",
+ "secp256k1-sys 0.8.1",
  "serde",
 ]
 
+[[package]]
+name = "secp256k1"
+version = "0.29.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "0e0cc0f1cf93f4969faf3ea1c7d8a9faed25918d96affa959720823dfe86d4f3"
+dependencies = [
+ "rand 0.8.5",
+ "secp256k1-sys 0.10.0",
+]
+
 [[package]]
 name = "secp256k1-sys"
 version = "0.8.1"
@@ -4605,6 +4615,15 @@ dependencies = [
  "cc",
 ]
 
+[[package]]
+name = "secp256k1-sys"
+version = "0.10.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "1433bd67156263443f14d603720b082dd3121779323fce20cba2aa07b874bc1b"
+dependencies = [
+ "cc",
+]
+
 [[package]]
 name = "secrecy"
 version = "0.8.0"
diff --git a/crates/relayer/Cargo.toml b/crates/relayer/Cargo.toml
index 1e7744bcd4..29f573cc96 100644
--- a/crates/relayer/Cargo.toml
+++ b/crates/relayer/Cargo.toml
@@ -65,7 +65,7 @@ ed25519 = "2.2.2"
 ed25519-dalek = { version = "2.0.0", features = ["serde"] }
 ed25519-dalek-bip32 = "0.3.0"
 generic-array = "0.14.7"
-secp256k1 = { version = "0.27.0", features = ["rand-std"] }
+secp256k1 = { version = "0.29.0", features = ["rand-std"] }
 strum = { version = "0.25", features = ["derive"] }
 tokio-stream = "0.1.14"
 once_cell = "1.17.1"