diff --git a/Cargo.lock b/Cargo.lock
index c323f72956e96..87a8a28022c90 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -8030,18 +8030,18 @@ dependencies = [
 
 [[package]]
 name = "thiserror"
-version = "1.0.33"
+version = "1.0.34"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3d0a539a918745651435ac7db7a18761589a94cd7e94cd56999f828bf73c8a57"
+checksum = "8c1b05ca9d106ba7d2e31a9dab4a64e7be2cce415321966ea3132c49a656e252"
 dependencies = [
  "thiserror-impl",
 ]
 
 [[package]]
 name = "thiserror-impl"
-version = "1.0.33"
+version = "1.0.34"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c251e90f708e16c49a16f4917dc2131e75222b72edfa9cb7f7c58ae56aae0c09"
+checksum = "e8f2591983642de85c921015f3f070c665a197ed69e417af436115e3a1407487"
 dependencies = [
  "proc-macro2 1.0.43",
  "quote 1.0.21",
diff --git a/crates/sui-core/Cargo.toml b/crates/sui-core/Cargo.toml
index 5a58890e0c52b..02af02adc46d2 100644
--- a/crates/sui-core/Cargo.toml
+++ b/crates/sui-core/Cargo.toml
@@ -58,7 +58,7 @@ narwhal-node = { git = "https://github.com/MystenLabs/narwhal", rev = "842a611a0
 
 fastcrypto = { git = "https://github.com/MystenLabs/fastcrypto", rev = "c022a2ae23ca7cc2778293fd3b1db42e8cd02d3b"}
 workspace-hack = { path = "../workspace-hack"}
-thiserror = "1.0.32"
+thiserror = "1.0.34"
 eyre = "0.6.8"
 
 [dev-dependencies]
diff --git a/crates/sui-faucet/Cargo.toml b/crates/sui-faucet/Cargo.toml
index 4791a7a1425d2..b4f8eed3d1fe0 100644
--- a/crates/sui-faucet/Cargo.toml
+++ b/crates/sui-faucet/Cargo.toml
@@ -11,7 +11,7 @@ anyhow = { version = "1.0.64", features = ["backtrace"] }
 async-trait = "0.1.57"
 axum = "0.5.13"
 clap = { version = "3.2.17", features = ["derive"] }
-thiserror = "1.0.32"
+thiserror = "1.0.34"
 tokio = { version = "1.20.1", features = ["full"] }
 tracing = "0.1.36"
 serde = { version = "1.0.144", features = ["derive"] }
diff --git a/crates/sui-types/Cargo.toml b/crates/sui-types/Cargo.toml
index 64e4dc0ededc5..77f6a6f9dd321 100644
--- a/crates/sui-types/Cargo.toml
+++ b/crates/sui-types/Cargo.toml
@@ -18,7 +18,7 @@ curve25519-dalek = { version = "3", default-features = false, features = ["serde
 serde-name = "0.2.1"
 sha2 = "0.9.9"
 sha3 = "0.10.2"
-thiserror = "1.0.31"
+thiserror = "1.0.34"
 tracing = "0.1"
 hex = "0.4.3"
 serde_bytes = "0.11.7"