diff --git a/Cargo.lock b/Cargo.lock
index 7c814e278a..561ea3725f 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1883,18 +1883,18 @@ dependencies = [
 
 [[package]]
 name = "secp256k1"
-version = "0.26.0"
+version = "0.27.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4124a35fe33ae14259c490fd70fa199a32b9ce9502f2ee6bc4f81ec06fa65894"
+checksum = "25996b82292a7a57ed3508f052cfff8640d38d32018784acd714758b43da9c8f"
 dependencies = [
  "secp256k1-sys",
 ]
 
 [[package]]
 name = "secp256k1-sys"
-version = "0.8.0"
+version = "0.8.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "642a62736682fdd8c71da0eb273e453c8ac74e33b9fb310e22ba5b03ec7651ff"
+checksum = "70a129b9e9efbfb223753b9163c4ab3b13cff7fd9c7f010fbac25ab4099fa07e"
 dependencies = [
  "cc",
 ]
diff --git a/crates/precompile/Cargo.toml b/crates/precompile/Cargo.toml
index cb1e268718..25a3d182fe 100644
--- a/crates/precompile/Cargo.toml
+++ b/crates/precompile/Cargo.toml
@@ -15,7 +15,7 @@ k256 = { version = "0.11", default-features = false, features = ["ecdsa", "kecca
 num = { version = "0.4.0", default-features = false, features = ["alloc"] }
 once_cell = "1.17"
 ripemd = { version = "0.1", default-features = false }
-secp256k1 = { version = "0.26.0", default-features = false, features = ["alloc", "recovery"], optional = true }
+secp256k1 = { version = "0.27.0", default-features = false, features = ["alloc", "recovery"], optional = true }
 sha2 = { version = "0.10.5", default-features = false }
 sha3 = { version = "0.10.4", default-features = false }