diff --git a/Cargo.lock b/Cargo.lock
index 1e6faf0edf..ef49314fe6 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3629,11 +3629,11 @@ dependencies = [
 
 [[package]]
 name = "secp256k1"
-version = "0.28.0"
+version = "0.28.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2acea373acb8c21ecb5a23741452acd2593ed44ee3d343e72baaa143bc89d0d5"
+checksum = "3f622567e3b4b38154fb8190bcf6b160d7a4301d70595a49195b48c116007a27"
 dependencies = [
- "secp256k1-sys 0.9.0",
+ "secp256k1-sys 0.9.2",
 ]
 
 [[package]]
@@ -3647,9 +3647,9 @@ dependencies = [
 
 [[package]]
 name = "secp256k1-sys"
-version = "0.9.0"
+version = "0.9.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "09e67c467c38fd24bd5499dc9a18183b31575c12ee549197e3e20d57aa4fe3b7"
+checksum = "e5d1746aae42c19d583c3c1a8c646bfad910498e2051c551a7f2e3c0c9fbb7eb"
 dependencies = [
  "cc",
 ]
@@ -4576,7 +4576,7 @@ dependencies = [
  "pbkdf2 0.12.2",
  "regex",
  "schnorrkel 0.11.4",
- "secp256k1 0.28.0",
+ "secp256k1 0.28.1",
  "secrecy",
  "sha2 0.10.8",
  "sp-core",
diff --git a/Cargo.toml b/Cargo.toml
index a86365205f..d9b58b36d1 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -139,7 +139,7 @@ bip39 = "2.0.0"
 hmac = "0.12.1"
 pbkdf2 = { version = "0.12.2", default-features = false }
 schnorrkel = "0.11.4"
-secp256k1 = "0.28.0"
+secp256k1 = "0.28.1"
 secrecy = "0.8.0"
 sha2 = "0.10.8"
 zeroize = { version = "1", default-features = false }