diff --git a/Cargo.lock b/Cargo.lock
index fe1c63cdd..9f07a3b58 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3891,6 +3891,7 @@ dependencies = [
  "tokio",
  "tonic",
  "tonic-build",
+ "tracing",
  "uuid",
 ]
 
diff --git a/crates/dips/Cargo.toml b/crates/dips/Cargo.toml
index b98e850e2..bca1263d7 100644
--- a/crates/dips/Cargo.toml
+++ b/crates/dips/Cargo.toml
@@ -17,6 +17,7 @@ async-trait.workspace = true
 uuid.workspace = true
 tokio.workspace = true
 indexer-monitor = { path = "../monitor" }
+tracing.workspace = true
 
 bytes = { version = "1.10.0", optional = true }
 derivative = "2.2.0"
diff --git a/crates/dips/src/ipfs.rs b/crates/dips/src/ipfs.rs
index 81d89854c..5fd54141c 100644
--- a/crates/dips/src/ipfs.rs
+++ b/crates/dips/src/ipfs.rs
@@ -9,6 +9,7 @@ use futures::TryStreamExt;
 use http::Uri;
 use ipfs_api_prelude::{IpfsApi, TryFromUri};
 use serde::Deserialize;
+use tracing;
 
 use crate::DipsError;
 
@@ -50,10 +51,15 @@ impl IpfsFetcher for IpfsClient {
             .map_ok(|chunk| chunk.to_vec())
             .try_concat()
             .await
-            .unwrap();
-
-        let manifest: GraphManifest = serde_yaml::from_slice(&content)
-            .map_err(|_| DipsError::InvalidSubgraphManifest(file.to_string()))?;
+            .map_err(|e| {
+                tracing::warn!("Failed to fetch subgraph manifest {}: {}", file, e);
+                DipsError::SubgraphManifestUnavailable(format!("{}: {}", file, e))
+            })?;
+
+        let manifest: GraphManifest = serde_yaml::from_slice(&content).map_err(|e| {
+            tracing::warn!("Failed to parse subgraph manifest {}: {}", file, e);
+            DipsError::InvalidSubgraphManifest(format!("{}: {}", file, e))
+        })?;
 
         Ok(manifest)
     }
diff --git a/crates/dips/src/lib.rs b/crates/dips/src/lib.rs
index 0b1af9611..6ad37c5db 100644
--- a/crates/dips/src/lib.rs
+++ b/crates/dips/src/lib.rs
@@ -139,6 +139,8 @@ pub enum DipsError {
     PayerNotAuthorised(Address),
     #[error("voucher payee {actual} does not match the expected address {expected}")]
     UnexpectedPayee { expected: Address, actual: Address },
+    #[error("cannot get subgraph manifest for {0}")]
+    SubgraphManifestUnavailable(String),
     #[error("invalid subgraph id {0}")]
     InvalidSubgraphManifest(String),
     #[error("voucher for chain id {0}, subgraph manifest has network {1}")]