diff --git a/Cargo.lock b/Cargo.lock
index d68330cfb15c2..bf93bde48bc79 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5560,7 +5560,7 @@ dependencies = [
  "sp-sandbox",
  "sp-std",
  "wasm-instrument",
- "wasmi-validation",
+ "wasmi-validation 0.5.0",
  "wat",
 ]
 
@@ -6674,6 +6674,12 @@ version = "0.42.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "be5e13c266502aadf83426d87d81a0f5d1ef45b8027f5a471c360abfe4bfae92"
 
+[[package]]
+name = "parity-wasm"
+version = "0.45.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "e1ad0aff30c1da14b1254fcb2af73e1fa9a28670e584a626f53a369d0e157304"
+
 [[package]]
 name = "parking"
 version = "2.0.0"
@@ -11931,18 +11937,27 @@ dependencies = [
  "num-rational 0.2.4",
  "num-traits",
  "parity-wasm 0.42.2",
- "wasmi-validation",
+ "wasmi-validation 0.4.1",
 ]
 
 [[package]]
 name = "wasmi-validation"
-version = "0.4.0"
+version = "0.4.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a2eb8e860796d8be48efef530b60eebf84e74a88bce107374fffb0da97d504b8"
+checksum = "165343ecd6c018fc09ebcae280752702c9a2ef3e6f8d02f1cfcbdb53ef6d7937"
 dependencies = [
  "parity-wasm 0.42.2",
 ]
 
+[[package]]
+name = "wasmi-validation"
+version = "0.5.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "91ff416ad1ff0c42e5a926ed5d5fab74c0f098749aa0ad8b2a34b982ce0e867b"
+dependencies = [
+ "parity-wasm 0.45.0",
+]
+
 [[package]]
 name = "wasmparser"
 version = "0.78.2"
diff --git a/frame/contracts/Cargo.toml b/frame/contracts/Cargo.toml
index d27801df33bda..daecf00a8aff3 100644
--- a/frame/contracts/Cargo.toml
+++ b/frame/contracts/Cargo.toml
@@ -25,7 +25,7 @@ serde = { version = "1", optional = true, features = ["derive"] }
 smallvec = { version = "1", default-features = false, features = [
 	"const_generics",
 ] }
-wasmi-validation = { version = "0.4", default-features = false }
+wasmi-validation = { version = "0.5", default-features = false }
 
 # Only used in benchmarking to generate random contract code
 rand = { version = "0.8", optional = true, default-features = false }