diff --git a/lightning-invoice/Cargo.toml b/lightning-invoice/Cargo.toml
index e41eb1cd24b..040bbe75481 100644
--- a/lightning-invoice/Cargo.toml
+++ b/lightning-invoice/Cargo.toml
@@ -20,7 +20,7 @@ std = ["bitcoin_hashes/std", "num-traits/std", "lightning/std", "bech32/std"]
 [dependencies]
 bech32 = { version = "0.8", default-features = false }
 lightning = { version = "0.0.105", path = "../lightning", default-features = false }
-secp256k1 = { version = "0.20", default-features = false, features = ["recovery", "alloc"] }
+secp256k1 = { version = "0.24", default-features = false, features = ["recovery", "alloc"] }
 num-traits = { version = "0.2.8", default-features = false }
 bitcoin_hashes = { version = "0.10", default-features = false }
 hashbrown = { version = "0.11", optional = true }
diff --git a/lightning/Cargo.toml b/lightning/Cargo.toml
index f38bb805111..4b61bfec038 100644
--- a/lightning/Cargo.toml
+++ b/lightning/Cargo.toml
@@ -37,7 +37,7 @@ default = ["std"]
 [dependencies]
 bitcoin = { version = "0.27", default-features = false, features = ["secp-recovery"] }
 # TODO remove this once rust-bitcoin PR #637 is released
-secp256k1 = { version = "0.20.2", default-features = false, features = ["alloc"] }
+secp256k1 = { version = "0.24.1", default-features = false, features = ["alloc"] }
 
 hashbrown = { version = "0.11", optional = true }
 hex = { version = "0.4", optional = true }
@@ -50,7 +50,7 @@ core2 = { version = "0.3.0", optional = true, default-features = false }
 hex = "0.4"
 regex = "0.2.11"
 # TODO remove this once rust-bitcoin PR #637 is released
-secp256k1 = { version = "0.20.2", default-features = false, features = ["alloc"] }
+secp256k1 = { version = "0.24.1", default-features = false, features = ["alloc"] }
 
 [dev-dependencies.bitcoin]
 version = "0.27"