diff --git a/Cargo.lock b/Cargo.lock
index ed3bb6f96e4..fc9f3e3cfe6 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -6028,9 +6028,9 @@ dependencies = [
 
 [[package]]
 name = "thiserror"
-version = "1.0.50"
+version = "1.0.53"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f9a7210f5c9a7156bb50aa36aed4c95afb51df0df00713949448cf9e97d382d2"
+checksum = "b2cd5904763bad08ad5513ddbb12cf2ae273ca53fa9f68e843e236ec6dfccc09"
 dependencies = [
  "thiserror-impl",
 ]
@@ -6057,9 +6057,9 @@ dependencies = [
 
 [[package]]
 name = "thiserror-impl"
-version = "1.0.50"
+version = "1.0.53"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "266b2e40bc00e5a6c09c3584011e08b06f123c00362c92b975ba9843aaaa14b8"
+checksum = "3dcf4a824cce0aeacd6f38ae6f24234c8e80d68632338ebaa1443b5df9e29e19"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/Cargo.toml b/Cargo.toml
index 36ca02deecb..45d6d9bc37b 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -71,7 +71,7 @@ subxt-metadata = { version = "0.32.1" }
 subxt-signer = { version = "0.32.1" }
 syn = { version = "2" }
 synstructure = { version = "0.13.0" }
-thiserror = { version = "1.0.50" }
+thiserror = { version = "1.0.53" }
 tokio = { version = "1.35.1" }
 tracing = { version = "0.1.37" }
 tracing-subscriber = { version = "0.3.17" }