diff --git a/crypto/ledger/ledger_mock.go b/crypto/ledger/ledger_mock.go
index 7a618f40301b..ec9ad15076b8 100644
--- a/crypto/ledger/ledger_mock.go
+++ b/crypto/ledger/ledger_mock.go
@@ -4,11 +4,11 @@
 package ledger
 
 import (
+	"errors"
 	"fmt"
 
-	"github.com/btcsuite/btcd/btcec"
-	"github.com/pkg/errors"
-
+	btcec "github.com/btcsuite/btcd/btcec/v2"
+	"github.com/btcsuite/btcd/btcec/v2/ecdsa"
 	"github.com/cosmos/go-bip39"
 	secp256k1 "github.com/tendermint/btcd/btcec"
 	"github.com/tendermint/tendermint/crypto"
@@ -73,7 +73,7 @@ func (mock LedgerSECP256K1Mock) GetAddressPubKeySECP256K1(derivationPath []uint3
 	}
 
 	// re-serialize in the 33-byte compressed format
-	cmp, err := btcec.ParsePubKey(pk[:], btcec.S256())
+	cmp, err := btcec.ParsePubKey(pk[:])
 	if err != nil {
 		return nil, "", fmt.Errorf("error parsing public key: %v", err)
 	}
@@ -108,8 +108,10 @@ func (mock LedgerSECP256K1Mock) SignSECP256K1(derivationPath []uint32, message [
 	}
 
 	// Need to return DER as the ledger does
-	sig2 := btcec.Signature{R: sig.R, S: sig.S}
-	return sig2.Serialize(), nil
+	var r, s btcec.ModNScalar
+	r.SetByteSlice(sig.R.Bytes())
+	s.SetByteSlice(sig.S.Bytes())
+	return ecdsa.NewSignature(&r, &s).Serialize(), nil
 }
 
 // ShowAddressSECP256K1 shows the address for the corresponding bip32 derivation path
diff --git a/crypto/ledger/ledger_notavail.go b/crypto/ledger/ledger_notavail.go
index a183166faac3..35a60cf356f0 100644
--- a/crypto/ledger/ledger_notavail.go
+++ b/crypto/ledger/ledger_notavail.go
@@ -6,7 +6,7 @@
 package ledger
 
 import (
-	"github.com/pkg/errors"
+	"errors"
 )
 
 // If ledger support (build tag) has been enabled, which implies a CGO dependency,
diff --git a/crypto/ledger/ledger_secp256k1.go b/crypto/ledger/ledger_secp256k1.go
index ed6d80a4ad4a..58e1e7d4a308 100644
--- a/crypto/ledger/ledger_secp256k1.go
+++ b/crypto/ledger/ledger_secp256k1.go
@@ -1,11 +1,13 @@
 package ledger
 
 import (
+	"errors"
 	"fmt"
+	"math/big"
 	"os"
 
-	"github.com/btcsuite/btcd/btcec"
-	"github.com/pkg/errors"
+	btcec "github.com/btcsuite/btcd/btcec/v2"
+	"github.com/btcsuite/btcd/btcec/v2/ecdsa"
 
 	tmbtcec "github.com/tendermint/btcd/btcec"
 
@@ -210,11 +212,19 @@ func warnIfErrors(f func() error) {
 }
 
 func convertDERtoBER(signatureDER []byte) ([]byte, error) {
-	sigDER, err := btcec.ParseDERSignature(signatureDER, btcec.S256())
+	sigDER, err := ecdsa.ParseDERSignature(signatureDER)
 	if err != nil {
 		return nil, err
 	}
-	sigBER := tmbtcec.Signature{R: sigDER.R, S: sigDER.S}
+
+	sigStr := sigDER.Serialize()
+	var r, s big.Int
+	// The format of a DER encoded signature is as follows:
+	// 0x30 <total length> 0x02 <length of R> <R> 0x02 <length of S> <S>
+	r.SetBytes(sigStr[4 : 4+sigStr[3]])
+	s.SetBytes(sigStr[4+sigStr[3]+2:])
+	sigBER := tmbtcec.Signature{R: &r, S: &s}
+
 	return sigBER.Serialize(), nil
 }
 
@@ -225,7 +235,7 @@ func getDevice() (SECP256K1, error) {
 
 	device, err := options.discoverLedger()
 	if err != nil {
-		return nil, errors.Wrap(err, "ledger nano S")
+		return nil, fmt.Errorf("ledger nano S: %w", err)
 	}
 
 	return device, nil
@@ -283,7 +293,7 @@ func getPubKeyUnsafe(device SECP256K1, path hd.BIP44Params) (types.PubKey, error
 	}
 
 	// re-serialize in the 33-byte compressed format
-	cmp, err := btcec.ParsePubKey(publicKey, btcec.S256())
+	cmp, err := btcec.ParsePubKey(publicKey)
 	if err != nil {
 		return nil, fmt.Errorf("error parsing public key: %v", err)
 	}
@@ -307,7 +317,7 @@ func getPubKeyAddrSafe(device SECP256K1, path hd.BIP44Params, hrp string) (types
 	}
 
 	// re-serialize in the 33-byte compressed format
-	cmp, err := btcec.ParsePubKey(publicKey, btcec.S256())
+	cmp, err := btcec.ParsePubKey(publicKey)
 	if err != nil {
 		return nil, "", fmt.Errorf("error parsing public key: %v", err)
 	}
diff --git a/go.mod b/go.mod
index ed1841606a42..6d079f881205 100644
--- a/go.mod
+++ b/go.mod
@@ -12,8 +12,7 @@ require (
 	github.com/99designs/keyring v1.2.1
 	github.com/armon/go-metrics v0.4.1
 	github.com/bgentry/speakeasy v0.1.0
-	github.com/btcsuite/btcd v0.22.3
-	github.com/btcsuite/btcd/btcec/v2 v2.3.1
+	github.com/btcsuite/btcd/btcec/v2 v2.3.2
 	github.com/chzyer/readline v0.0.0-20180603132655-2972be24d48e
 	github.com/cockroachdb/apd/v2 v2.0.2
 	github.com/confio/ics23/go v0.9.0
@@ -75,6 +74,7 @@ require (
 	github.com/aws/aws-sdk-go v1.40.45 // indirect
 	github.com/beorn7/perks v1.0.1 // indirect
 	github.com/bgentry/go-netrc v0.0.0-20140422174119-9fd32a8b3d3d // indirect
+	github.com/btcsuite/btcd v0.22.3 // indirect
 	github.com/cenkalti/backoff/v4 v4.1.3 // indirect
 	github.com/cespare/xxhash v1.1.0 // indirect
 	github.com/cespare/xxhash/v2 v2.1.2 // indirect
diff --git a/go.sum b/go.sum
index 0f1e0e9960ae..0cb77750b071 100644
--- a/go.sum
+++ b/go.sum
@@ -115,8 +115,8 @@ github.com/btcsuite/btcd v0.0.0-20190115013929-ed77733ec07d/go.mod h1:d3C0AkH6BR
 github.com/btcsuite/btcd v0.20.1-beta/go.mod h1:wVuoA8VJLEcwgqHBwHmzLRazpKxTv13Px/pDuV7OomQ=
 github.com/btcsuite/btcd v0.22.3 h1:kYNaWFvOw6xvqP0vR20RP1Zq1DVMBxEO8QN5d1/EfNg=
 github.com/btcsuite/btcd v0.22.3/go.mod h1:wqgTSL29+50LRkmOVknEdmt8ZojIzhuWvgu/iptuN7Y=
-github.com/btcsuite/btcd/btcec/v2 v2.3.1 h1:v8tFffXRNpwFPbeQhkYPrOXOvVrwD5QIe66Jkz3db14=
-github.com/btcsuite/btcd/btcec/v2 v2.3.1/go.mod h1:zYzJ8etWJQIv1Ogk7OzpWjowwOdXY1W/17j2MW85J04=
+github.com/btcsuite/btcd/btcec/v2 v2.3.2 h1:5n0X6hX0Zk+6omWcihdYvdAlGf2DfasC0GMf7DClJ3U=
+github.com/btcsuite/btcd/btcec/v2 v2.3.2/go.mod h1:zYzJ8etWJQIv1Ogk7OzpWjowwOdXY1W/17j2MW85J04=
 github.com/btcsuite/btcd/btcutil v1.1.2 h1:XLMbX8JQEiwMcYft2EGi8zPUkoa0abKIU6/BJSRsjzQ=
 github.com/btcsuite/btcd/chaincfg/chainhash v1.0.1 h1:q0rUy8C/TYNBQS1+CGKw68tLOFYSNEs0TFnxxnS9+4U=
 github.com/btcsuite/btclog v0.0.0-20170628155309-84c8d2346e9f/go.mod h1:TdznJufoqS23FtqVCzL0ZqgP5MqXbb4fg/WgDys70nA=
diff --git a/simapp/go.mod b/simapp/go.mod
index 65e376908177..2f33ad54e272 100644
--- a/simapp/go.mod
+++ b/simapp/go.mod
@@ -35,8 +35,7 @@ require (
 	github.com/beorn7/perks v1.0.1 // indirect
 	github.com/bgentry/go-netrc v0.0.0-20140422174119-9fd32a8b3d3d // indirect
 	github.com/bgentry/speakeasy v0.1.0 // indirect
-	github.com/btcsuite/btcd v0.22.3 // indirect
-	github.com/btcsuite/btcd/btcec/v2 v2.3.1 // indirect
+	github.com/btcsuite/btcd/btcec/v2 v2.3.2 // indirect
 	github.com/cenkalti/backoff/v4 v4.1.3 // indirect
 	github.com/cespare/xxhash v1.1.0 // indirect
 	github.com/cespare/xxhash/v2 v2.1.2 // indirect
diff --git a/simapp/go.sum b/simapp/go.sum
index f10edc666876..2eab75c9e143 100644
--- a/simapp/go.sum
+++ b/simapp/go.sum
@@ -114,9 +114,8 @@ github.com/bgentry/speakeasy v0.1.0/go.mod h1:+zsyZBPWlz7T6j88CTgSN5bM796AkVf0kB
 github.com/btcsuite/btcd v0.0.0-20190115013929-ed77733ec07d/go.mod h1:d3C0AkH6BRcvO8T0UEPu53cnw4IbV63x1bEjildYhO0=
 github.com/btcsuite/btcd v0.20.1-beta/go.mod h1:wVuoA8VJLEcwgqHBwHmzLRazpKxTv13Px/pDuV7OomQ=
 github.com/btcsuite/btcd v0.22.3 h1:kYNaWFvOw6xvqP0vR20RP1Zq1DVMBxEO8QN5d1/EfNg=
-github.com/btcsuite/btcd v0.22.3/go.mod h1:wqgTSL29+50LRkmOVknEdmt8ZojIzhuWvgu/iptuN7Y=
-github.com/btcsuite/btcd/btcec/v2 v2.3.1 h1:v8tFffXRNpwFPbeQhkYPrOXOvVrwD5QIe66Jkz3db14=
-github.com/btcsuite/btcd/btcec/v2 v2.3.1/go.mod h1:zYzJ8etWJQIv1Ogk7OzpWjowwOdXY1W/17j2MW85J04=
+github.com/btcsuite/btcd/btcec/v2 v2.3.2 h1:5n0X6hX0Zk+6omWcihdYvdAlGf2DfasC0GMf7DClJ3U=
+github.com/btcsuite/btcd/btcec/v2 v2.3.2/go.mod h1:zYzJ8etWJQIv1Ogk7OzpWjowwOdXY1W/17j2MW85J04=
 github.com/btcsuite/btcd/btcutil v1.1.2 h1:XLMbX8JQEiwMcYft2EGi8zPUkoa0abKIU6/BJSRsjzQ=
 github.com/btcsuite/btcd/chaincfg/chainhash v1.0.1 h1:q0rUy8C/TYNBQS1+CGKw68tLOFYSNEs0TFnxxnS9+4U=
 github.com/btcsuite/btclog v0.0.0-20170628155309-84c8d2346e9f/go.mod h1:TdznJufoqS23FtqVCzL0ZqgP5MqXbb4fg/WgDys70nA=
diff --git a/tests/go.mod b/tests/go.mod
index e59832b1ecb0..3d76004652b0 100644
--- a/tests/go.mod
+++ b/tests/go.mod
@@ -38,8 +38,7 @@ require (
 	github.com/beorn7/perks v1.0.1 // indirect
 	github.com/bgentry/go-netrc v0.0.0-20140422174119-9fd32a8b3d3d // indirect
 	github.com/bgentry/speakeasy v0.1.0 // indirect
-	github.com/btcsuite/btcd v0.22.3 // indirect
-	github.com/btcsuite/btcd/btcec/v2 v2.3.1 // indirect
+	github.com/btcsuite/btcd/btcec/v2 v2.3.2 // indirect
 	github.com/cenkalti/backoff/v4 v4.1.3 // indirect
 	github.com/cespare/xxhash v1.1.0 // indirect
 	github.com/cespare/xxhash/v2 v2.1.2 // indirect
diff --git a/tests/go.sum b/tests/go.sum
index 9b80d41f0e23..63ab6d9a4f29 100644
--- a/tests/go.sum
+++ b/tests/go.sum
@@ -114,9 +114,8 @@ github.com/bgentry/speakeasy v0.1.0/go.mod h1:+zsyZBPWlz7T6j88CTgSN5bM796AkVf0kB
 github.com/btcsuite/btcd v0.0.0-20190115013929-ed77733ec07d/go.mod h1:d3C0AkH6BRcvO8T0UEPu53cnw4IbV63x1bEjildYhO0=
 github.com/btcsuite/btcd v0.20.1-beta/go.mod h1:wVuoA8VJLEcwgqHBwHmzLRazpKxTv13Px/pDuV7OomQ=
 github.com/btcsuite/btcd v0.22.3 h1:kYNaWFvOw6xvqP0vR20RP1Zq1DVMBxEO8QN5d1/EfNg=
-github.com/btcsuite/btcd v0.22.3/go.mod h1:wqgTSL29+50LRkmOVknEdmt8ZojIzhuWvgu/iptuN7Y=
-github.com/btcsuite/btcd/btcec/v2 v2.3.1 h1:v8tFffXRNpwFPbeQhkYPrOXOvVrwD5QIe66Jkz3db14=
-github.com/btcsuite/btcd/btcec/v2 v2.3.1/go.mod h1:zYzJ8etWJQIv1Ogk7OzpWjowwOdXY1W/17j2MW85J04=
+github.com/btcsuite/btcd/btcec/v2 v2.3.2 h1:5n0X6hX0Zk+6omWcihdYvdAlGf2DfasC0GMf7DClJ3U=
+github.com/btcsuite/btcd/btcec/v2 v2.3.2/go.mod h1:zYzJ8etWJQIv1Ogk7OzpWjowwOdXY1W/17j2MW85J04=
 github.com/btcsuite/btcd/btcutil v1.1.2 h1:XLMbX8JQEiwMcYft2EGi8zPUkoa0abKIU6/BJSRsjzQ=
 github.com/btcsuite/btcd/chaincfg/chainhash v1.0.1 h1:q0rUy8C/TYNBQS1+CGKw68tLOFYSNEs0TFnxxnS9+4U=
 github.com/btcsuite/btclog v0.0.0-20170628155309-84c8d2346e9f/go.mod h1:TdznJufoqS23FtqVCzL0ZqgP5MqXbb4fg/WgDys70nA=