diff --git a/polkadot/Cargo.lock b/polkadot/Cargo.lock
index 39e83d668b..24f7634907 100644
--- a/polkadot/Cargo.lock
+++ b/polkadot/Cargo.lock
@@ -1081,9 +1081,9 @@ dependencies = [
 
 [[package]]
 name = "color-eyre"
-version = "0.5.11"
+version = "0.6.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1f1885697ee8a177096d42f158922251a41973117f6d8a234cee94b9509157b7"
+checksum = "9d6ec7641ff3474b7593009c809db602c414cd97c7d47a78ed004162b74ff96c"
 dependencies = [
  "backtrace",
  "eyre",
@@ -4725,9 +4725,9 @@ dependencies = [
 
 [[package]]
 name = "owo-colors"
-version = "1.3.0"
+version = "3.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2386b4ebe91c2f7f51082d4cefa145d030e33a1842a96b12e4885cc3c01f7a55"
+checksum = "20448fd678ec04e6ea15bbe0476874af65e98a01515d667aa49f1434dc44ebf4"
 
 [[package]]
 name = "pallet-assets"
diff --git a/polkadot/Cargo.toml b/polkadot/Cargo.toml
index dacbeb230c..016077132c 100644
--- a/polkadot/Cargo.toml
+++ b/polkadot/Cargo.toml
@@ -14,7 +14,7 @@ readme = "README.md"
 
 [dependencies]
 polkadot-cli = { path = "cli", features = [ "kusama-native", "westend-native", "rococo-native" ]  }
-color-eyre = { version = "0.5.11", default-features = false }
+color-eyre = { version = "0.6.0", default-features = false }
 parity-util-mem = { version = "*", default-features = false, features = ["jemalloc-global"] }
 
 [dev-dependencies]
diff --git a/polkadot/node/malus/Cargo.toml b/polkadot/node/malus/Cargo.toml
index b0c410c9e2..26246d4511 100644
--- a/polkadot/node/malus/Cargo.toml
+++ b/polkadot/node/malus/Cargo.toml
@@ -24,7 +24,7 @@ polkadot-node-primitives = { path = "../primitives" }
 polkadot-primitives = { path = "../../primitives" }
 polkadot-node-core-pvf = { path = "../core/pvf" }
 parity-util-mem = { version = "0.10.0", default-features = false, features = ["jemalloc-global"] }
-color-eyre = { version = "0.5.11", default-features = false }
+color-eyre = { version = "0.6.0", default-features = false }
 assert_matches = "1.5"
 async-trait = "0.1.52"
 sp-keystore = { git = "https://github.com/paritytech/substrate", branch = "master" }