diff --git a/Cargo.lock b/Cargo.lock
index b1ffe471b6e33e..228d0019276188 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2466,15 +2466,34 @@ dependencies = [
  "base64 0.12.3",
  "digest 0.9.0",
  "hmac-drbg",
- "libsecp256k1-core",
- "libsecp256k1-gen-ecmult",
- "libsecp256k1-gen-genmult",
+ "libsecp256k1-core 0.2.2",
+ "libsecp256k1-gen-ecmult 0.2.1",
+ "libsecp256k1-gen-genmult 0.2.1",
  "rand 0.7.3",
  "serde",
  "sha2 0.9.9",
  "typenum",
 ]
 
+[[package]]
+name = "libsecp256k1"
+version = "0.7.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "95b09eff1b35ed3b33b877ced3a691fc7a481919c7e29c53c906226fcf55e2a1"
+dependencies = [
+ "arrayref",
+ "base64 0.13.0",
+ "digest 0.9.0",
+ "hmac-drbg",
+ "libsecp256k1-core 0.3.0",
+ "libsecp256k1-gen-ecmult 0.3.0",
+ "libsecp256k1-gen-genmult 0.3.0",
+ "rand 0.8.5",
+ "serde",
+ "sha2 0.9.9",
+ "typenum",
+]
+
 [[package]]
 name = "libsecp256k1-core"
 version = "0.2.2"
@@ -2486,13 +2505,33 @@ dependencies = [
  "subtle",
 ]
 
+[[package]]
+name = "libsecp256k1-core"
+version = "0.3.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "5be9b9bb642d8522a44d533eab56c16c738301965504753b03ad1de3425d5451"
+dependencies = [
+ "crunchy",
+ "digest 0.9.0",
+ "subtle",
+]
+
 [[package]]
 name = "libsecp256k1-gen-ecmult"
 version = "0.2.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ccab96b584d38fac86a83f07e659f0deafd0253dc096dab5a36d53efe653c5c3"
 dependencies = [
- "libsecp256k1-core",
+ "libsecp256k1-core 0.2.2",
+]
+
+[[package]]
+name = "libsecp256k1-gen-ecmult"
+version = "0.3.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "3038c808c55c87e8a172643a7d87187fc6c4174468159cb3090659d55bcb4809"
+dependencies = [
+ "libsecp256k1-core 0.3.0",
 ]
 
 [[package]]
@@ -2501,7 +2540,16 @@ version = "0.2.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "67abfe149395e3aa1c48a2beb32b068e2334402df8181f818d3aee2b304c4f5d"
 dependencies = [
- "libsecp256k1-core",
+ "libsecp256k1-core 0.2.2",
+]
+
+[[package]]
+name = "libsecp256k1-gen-genmult"
+version = "0.3.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "3db8d6ba2cec9eacc40e6e8ccc98931840301f1006e95647ceb2dd5c3aa06f7c"
+dependencies = [
+ "libsecp256k1-core 0.3.0",
 ]
 
 [[package]]
@@ -4740,7 +4788,7 @@ version = "1.12.0"
 dependencies = [
  "bincode",
  "byteorder",
- "libsecp256k1",
+ "libsecp256k1 0.7.1",
  "log",
  "rand 0.7.3",
  "solana-measure",
@@ -5764,7 +5812,7 @@ dependencies = [
  "js-sys",
  "lazy_static",
  "libc",
- "libsecp256k1",
+ "libsecp256k1 0.6.0",
  "log",
  "memoffset",
  "num-derive",
@@ -5813,7 +5861,7 @@ dependencies = [
  "js-sys",
  "lazy_static",
  "libc",
- "libsecp256k1",
+ "libsecp256k1 0.6.0",
  "log",
  "memoffset",
  "num-derive",
@@ -6107,7 +6155,7 @@ dependencies = [
  "index_list",
  "itertools",
  "lazy_static",
- "libsecp256k1",
+ "libsecp256k1 0.7.1",
  "log",
  "lru",
  "lz4",
@@ -6173,7 +6221,7 @@ dependencies = [
  "itertools",
  "js-sys",
  "lazy_static",
- "libsecp256k1",
+ "libsecp256k1 0.6.0",
  "log",
  "memmap2",
  "num-derive",
@@ -6225,7 +6273,7 @@ dependencies = [
  "itertools",
  "js-sys",
  "lazy_static",
- "libsecp256k1",
+ "libsecp256k1 0.7.1",
  "log",
  "memmap2",
  "num-derive",
diff --git a/programs/bpf_loader/Cargo.toml b/programs/bpf_loader/Cargo.toml
index 8366265ef64cb5..fa8d805cb52e8e 100644
--- a/programs/bpf_loader/Cargo.toml
+++ b/programs/bpf_loader/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2021"
 [dependencies]
 bincode = "1.3.3"
 byteorder = "1.4.3"
-libsecp256k1 = "0.6.0"
+libsecp256k1 = "0.7.1"
 log = "0.4.17"
 solana-measure = { path = "../../measure", version = "=1.12.0" }
 solana-metrics = { path = "../../metrics", version = "=1.12.0" }
diff --git a/runtime/Cargo.toml b/runtime/Cargo.toml
index 251fc0ef1ccfc4..c66042bb816c98 100644
--- a/runtime/Cargo.toml
+++ b/runtime/Cargo.toml
@@ -70,7 +70,7 @@ name = "solana_runtime"
 [dev-dependencies]
 assert_matches = "1.5.0"
 ed25519-dalek = "=1.0.1"
-libsecp256k1 = "0.6.0"
+libsecp256k1 = "0.7.1"
 rand_chacha = "0.2.2"
 solana-logger = { path = "../logger", version = "=1.12.0" }
 
diff --git a/sdk/Cargo.toml b/sdk/Cargo.toml
index 8956d98a35e472..5382ce4a56de46 100644
--- a/sdk/Cargo.toml
+++ b/sdk/Cargo.toml
@@ -55,7 +55,7 @@ generic-array = { version = "0.14.5", default-features = false, features = ["ser
 hmac = "0.12.1"
 itertools =  "0.10.3"
 lazy_static = "1.4.0"
-libsecp256k1 = { version = "0.6.0", optional = true }
+libsecp256k1 = { version = "0.7.1", optional = true }
 log = "0.4.17"
 memmap2 = { version = "0.5.3", optional = true }
 num-derive = "0.3"