diff --git a/package.json b/package.json
index 90ee447f..cd813e55 100644
--- a/package.json
+++ b/package.json
@@ -39,7 +39,7 @@
     "@babel/runtime": "^7.0.0",
     "@ethersproject/abi": "^5.7.0",
     "@lavamoat/allow-scripts": "^3.0.0",
-    "@metamask/auto-changelog": "^3.4.4",
+    "@metamask/auto-changelog": "^5.0.2",
     "@metamask/error-reporting-service": "^2.0.0",
     "@metamask/eslint-config": "^12.2.0",
     "@metamask/eslint-config-jest": "^12.1.0",
diff --git a/yarn.lock b/yarn.lock
index 52e71a2b..9edd7d00 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1169,18 +1169,19 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@metamask/auto-changelog@npm:^3.4.4":
-  version: 3.4.4
-  resolution: "@metamask/auto-changelog@npm:3.4.4"
+"@metamask/auto-changelog@npm:^5.0.2":
+  version: 5.0.2
+  resolution: "@metamask/auto-changelog@npm:5.0.2"
   dependencies:
     diff: "npm:^5.0.0"
     execa: "npm:^5.1.1"
-    prettier: "npm:^2.8.8"
     semver: "npm:^7.3.5"
     yargs: "npm:^17.0.1"
+  peerDependencies:
+    prettier: ">=3.0.0"
   bin:
-    auto-changelog: dist/cli.js
-  checksum: 10/70e98529a153ebeab10410dbc3f567014999f77ed82f2b52f1b36501b28a4e3614c809a90c89600a739d7710595bfecc30e2260410e6afac7539f8db65a48f2c
+    auto-changelog: dist/cli.mjs
+  checksum: 10/f94d2ed5a581c33978b66e5c0f062409ed87e977950b61b203ce48c97fa68deba1e35098ac03da70c0a76b01ea7ad58656bd9e7839a12c969eed2350296f1e8f
   languageName: node
   linkType: hard
 
@@ -1575,7 +1576,7 @@ __metadata:
     "@ethersproject/contracts": "npm:^5.7.0"
     "@ethersproject/providers": "npm:^5.7.0"
     "@lavamoat/allow-scripts": "npm:^3.0.0"
-    "@metamask/auto-changelog": "npm:^3.4.4"
+    "@metamask/auto-changelog": "npm:^5.0.2"
     "@metamask/base-controller": "npm:^8.0.3"
     "@metamask/controller-utils": "npm:^11.3.0"
     "@metamask/error-reporting-service": "npm:^2.0.0"
@@ -5962,7 +5963,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"prettier@npm:^2.2.1, prettier@npm:^2.8.8":
+"prettier@npm:^2.2.1":
   version: 2.8.8
   resolution: "prettier@npm:2.8.8"
   bin: