diff --git a/Cargo.lock b/Cargo.lock
index 58a5bf52..3983032b 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2870,7 +2870,7 @@ version = "0.6.2"
 dependencies = [
  "async-trait",
  "asynchronous-codec 0.7.0",
- "bs58 0.4.0",
+ "bs58 0.5.1",
  "bytes",
  "cid",
  "ed25519-dalek",
diff --git a/Cargo.toml b/Cargo.toml
index 9fffbefb..294f8036 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -10,7 +10,7 @@ prost-build = "0.13"
 
 [dependencies]
 async-trait = "0.1.81"
-bs58 = "0.4.0"
+bs58 = "0.5.1"
 bytes = "1.6.1"
 cid = "0.10.1"
 ed25519-dalek = { version = "2.1.1", features = ["rand_core"] }