diff --git a/CHANGELOG.md b/CHANGELOG.md
index 73052a009d4..b47afd134ea 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -23,6 +23,10 @@
 - [`parity-multiaddr` CHANGELOG](misc/multiaddr/CHANGELOG.md)
 - [`libp2p-core-derive` CHANGELOG](misc/core-derive/CHANGELOG.md)
 
+# Version 0.30.1 [unreleased]
+
+- Update `libp2p-plaintext`.
+
 # Version 0.30.0 [2020-11-09]
 
 - Update `libp2p-mdns`, `libp2p-tcp` and `libp2p-uds` as well as `libp2p-core`
diff --git a/Cargo.toml b/Cargo.toml
index e6fb22ba1c2..6ca8c4dd28c 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -2,7 +2,7 @@
 name = "libp2p"
 edition = "2018"
 description = "Peer-to-peer networking library"
-version = "0.30.0"
+version = "0.30.1"
 authors = ["Parity Technologies <admin@parity.io>"]
 license = "MIT"
 repository = "https://github.com/libp2p/rust-libp2p"
@@ -71,7 +71,7 @@ libp2p-kad = { version = "0.25.0", path = "protocols/kad", optional = true }
 libp2p-mplex = { version = "0.24.0", path = "muxers/mplex", optional = true }
 libp2p-noise = { version = "0.26.0", path = "protocols/noise", optional = true }
 libp2p-ping = { version = "0.24.0", path = "protocols/ping", optional = true }
-libp2p-plaintext = { version = "0.24.0", path = "protocols/plaintext", optional = true }
+libp2p-plaintext = { version = "0.24.1", path = "protocols/plaintext", optional = true }
 libp2p-pnet = { version = "0.19.2", path = "protocols/pnet", optional = true }
 libp2p-request-response = { version = "0.5.0", path = "protocols/request-response", optional = true }
 libp2p-swarm = { version = "0.24.0", path = "swarm" }
diff --git a/protocols/plaintext/CHANGELOG.md b/protocols/plaintext/CHANGELOG.md
index 4b37cd4bbf8..4f61bf9c3ab 100644
--- a/protocols/plaintext/CHANGELOG.md
+++ b/protocols/plaintext/CHANGELOG.md
@@ -1,3 +1,9 @@
+# 0.24.1 [unreleased]
+
+- Ensure that no follow-up protocol data is dropped at the end of the
+  plaintext protocol handshake.
+  [PR 1831](https://github.com/libp2p/rust-libp2p/pull/1831).
+
 # 0.24.0 [2020-11-09]
 
 - Update dependencies.
diff --git a/protocols/plaintext/Cargo.toml b/protocols/plaintext/Cargo.toml
index 55b831bc15e..54f174fd0f9 100644
--- a/protocols/plaintext/Cargo.toml
+++ b/protocols/plaintext/Cargo.toml
@@ -2,7 +2,7 @@
 name = "libp2p-plaintext"
 edition = "2018"
 description = "Plaintext encryption dummy protocol for libp2p"
-version = "0.24.0"
+version = "0.24.1"
 authors = ["Parity Technologies <admin@parity.io>"]
 license = "MIT"
 repository = "https://github.com/libp2p/rust-libp2p"
diff --git a/protocols/plaintext/src/handshake.rs b/protocols/plaintext/src/handshake.rs
index 28da31a8d73..983a2d0ee8f 100644
--- a/protocols/plaintext/src/handshake.rs
+++ b/protocols/plaintext/src/handshake.rs
@@ -22,7 +22,7 @@ use crate::PlainText2Config;
 use crate::error::PlainTextError;
 use crate::structs_proto::Exchange;
 
-use bytes::BytesMut;
+use bytes::{Bytes, BytesMut};
 use futures::prelude::*;
 use futures_codec::Framed;
 use libp2p_core::{PublicKey, PeerId};
@@ -111,7 +111,7 @@ impl HandshakeContext<Local> {
 }
 
 pub async fn handshake<S>(socket: S, config: PlainText2Config)
-    -> Result<(S, Remote), PlainTextError>
+    -> Result<(S, Remote, Bytes), PlainTextError>
 where
     S: AsyncRead + AsyncWrite + Send + Unpin,
 {
@@ -134,6 +134,12 @@ where
         }
     };
 
+    // The `Framed` wrapper may have buffered additional data that
+    // was already received but is no longer part of the plaintext
+    // handshake. We need to capture that data before dropping
+    // the `Framed` wrapper via `Framed::into_inner()`.
+    let read_buffer = framed_socket.read_buffer().clone().freeze();
+
     trace!("received exchange from remote; pubkey = {:?}", context.state.public_key);
-    Ok((framed_socket.into_inner(), context.state))
+    Ok((framed_socket.into_inner(), context.state, read_buffer))
 }
diff --git a/protocols/plaintext/src/lib.rs b/protocols/plaintext/src/lib.rs
index 90591c749b7..0f3a4c9e585 100644
--- a/protocols/plaintext/src/lib.rs
+++ b/protocols/plaintext/src/lib.rs
@@ -20,6 +20,7 @@
 
 use crate::error::PlainTextError;
 
+use bytes::Bytes;
 use futures::future::{self, Ready};
 use futures::prelude::*;
 use futures::future::BoxFuture;
@@ -148,7 +149,7 @@ impl PlainText2Config {
         T: AsyncRead + AsyncWrite + Send + Unpin + 'static
     {
         debug!("Starting plaintext handshake.");
-        let (socket, remote) = handshake::handshake(socket, self).await?;
+        let (socket, remote, read_buffer) = handshake::handshake(socket, self).await?;
         debug!("Finished plaintext handshake.");
 
         Ok((
@@ -156,6 +157,7 @@ impl PlainText2Config {
             PlainTextOutput {
                 socket,
                 remote_key: remote.public_key,
+                read_buffer,
             }
         ))
     }
@@ -170,12 +172,22 @@ where
     pub socket: S,
     /// The public key of the remote.
     pub remote_key: PublicKey,
+    /// Remaining bytes that have been already buffered
+    /// during the handshake but are not part of the
+    /// handshake. These must be consumed first by `poll_read`.
+    read_buffer: Bytes,
 }
 
 impl<S: AsyncRead + AsyncWrite + Unpin> AsyncRead for PlainTextOutput<S> {
     fn poll_read(mut self: Pin<&mut Self>, cx: &mut Context<'_>, buf: &mut [u8])
         -> Poll<Result<usize, io::Error>>
     {
+        if !self.read_buffer.is_empty() {
+            let n = std::cmp::min(buf.len(), self.read_buffer.len());
+            let b = self.read_buffer.split_to(n);
+            buf[..n].copy_from_slice(&b[..]);
+            return Poll::Ready(Ok(n))
+        }
         AsyncRead::poll_read(Pin::new(&mut self.socket), cx, buf)
     }
 }