diff --git a/Cargo.lock b/Cargo.lock
index 014cc268b0b..f69410bc70d 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4409,9 +4409,9 @@ dependencies = [
 
 [[package]]
 name = "serde_json"
-version = "1.0.91"
+version = "1.0.94"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "877c235533714907a8c2464236f5c4b2a17262ef1bd71f38f35ea592c8da6883"
+checksum = "1c533a59c9d8a93a09c6ab31f0fd5e5f4dd1b8fc9434804029839884765d04ea"
 dependencies = [
  "itoa",
  "ryu",
diff --git a/misc/keygen/Cargo.toml b/misc/keygen/Cargo.toml
index cdd5936b07c..891bf802947 100644
--- a/misc/keygen/Cargo.toml
+++ b/misc/keygen/Cargo.toml
@@ -13,6 +13,6 @@ publish = false
 clap = { version = "4.0.13", features = ["derive"] }
 zeroize = "1"
 serde = { version = "1.0.136", features = ["derive"] }
-serde_json = "1.0.79"
+serde_json = "1.0.94"
 libp2p-core = { version = "0.39.0", path = "../../core" }
 base64 = "0.20.0"