diff --git a/Cargo.lock b/Cargo.lock
index 87ff24663ffc..33ebf14be0e8 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -6778,9 +6778,9 @@ checksum = "6fe2267d4ed49bc07b63801559be28c718ea06c4738b7a03c94df7386d2cde46"
 
 [[package]]
 name = "hkdf"
-version = "0.12.3"
+version = "0.12.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "791a029f6b9fc27657f6f188ec6e5e43f6911f6f878e0dc5501396e09809d437"
+checksum = "7b5f8eb2ad728638ea2c7d47a21db23b7b58a72ed6a38256b8a1849f15fbbdf7"
 dependencies = [
  "hmac 0.12.1",
 ]
@@ -7910,9 +7910,9 @@ dependencies = [
 
 [[package]]
 name = "libp2p-identity"
-version = "0.2.8"
+version = "0.2.9"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "999ec70441b2fb35355076726a6bc466c932e9bdc66f6a11c6c0aa17c7ab9be0"
+checksum = "55cca1eb2bc1fd29f099f3daaab7effd01e1a54b7c577d0ed082521034d912e8"
 dependencies = [
  "bs58 0.5.1",
  "ed25519-dalek",
diff --git a/Cargo.toml b/Cargo.toml
index 2333dd15fce8..74b12f96603a 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -819,7 +819,7 @@ lazy_static = { version = "1.4.0" }
 libc = { version = "0.2.155" }
 libfuzzer-sys = { version = "0.4" }
 libp2p = { version = "0.52.4" }
-libp2p-identity = { version = "0.2.3" }
+libp2p-identity = { version = "0.2.9" }
 libsecp256k1 = { version = "0.7.0", default-features = false }
 linked-hash-map = { version = "0.5.4" }
 linked_hash_set = { version = "0.1.4" }