diff --git a/bridges/relays/client-substrate/Cargo.toml b/bridges/relays/client-substrate/Cargo.toml
index 188c411c69..23dd31b80f 100644
--- a/bridges/relays/client-substrate/Cargo.toml
+++ b/bridges/relays/client-substrate/Cargo.toml
@@ -16,7 +16,7 @@ num-traits = "0.2"
 rand = "0.8"
 scale-info = { version = "2.9.0", features = ["derive"] }
 tokio = { version = "1.32", features = ["rt-multi-thread"] }
-thiserror = "1.0.47"
+thiserror = "1.0.48"
 
 # Bridge dependencies
 
diff --git a/bridges/relays/lib-substrate-relay/Cargo.toml b/bridges/relays/lib-substrate-relay/Cargo.toml
index fc5dd4f8ca..ab01ad63dc 100644
--- a/bridges/relays/lib-substrate-relay/Cargo.toml
+++ b/bridges/relays/lib-substrate-relay/Cargo.toml
@@ -7,7 +7,7 @@ license = "GPL-3.0-or-later WITH Classpath-exception-2.0"
 
 [dependencies]
 anyhow = "1.0"
-thiserror = "1.0.47"
+thiserror = "1.0.48"
 async-std = "1.9.0"
 async-trait = "0.1"
 codec = { package = "parity-scale-codec", version = "3.1.5" }
diff --git a/bridges/relays/utils/Cargo.toml b/bridges/relays/utils/Cargo.toml
index 633d069169..2a66eb25df 100644
--- a/bridges/relays/utils/Cargo.toml
+++ b/bridges/relays/utils/Cargo.toml
@@ -21,7 +21,7 @@ serde_json = "1.0"
 sysinfo = "0.29"
 time = { version = "0.3", features = ["formatting", "local-offset", "std"] }
 tokio = { version = "1.32", features = ["rt"] }
-thiserror = "1.0.47"
+thiserror = "1.0.48"
 
 # Bridge dependencies