diff --git a/masq/Cargo.toml b/masq/Cargo.toml
index 0a602e8e9..a5ca36457 100644
--- a/masq/Cargo.toml
+++ b/masq/Cargo.toml
@@ -16,7 +16,7 @@ lazy_static = "1.4.0"
 masq_lib = { path = "../masq_lib" }
 rustyline = "7.1.0"
 websocket = {version = "0.26.0", default-features = false, features = ["sync"]}
-crossbeam-channel = "0.5.0"
+crossbeam-channel = "0.5.1"
 
 [lib]
 name = "masq_cli_lib"
diff --git a/masq_lib/Cargo.toml b/masq_lib/Cargo.toml
index 610dc49a2..9eb810853 100644
--- a/masq_lib/Cargo.toml
+++ b/masq_lib/Cargo.toml
@@ -11,7 +11,7 @@ workspace = "../node"
 [dependencies]
 actix = "0.7.9"
 clap = "2.33.1"
-crossbeam-channel = "0.4"
+crossbeam-channel = "0.5"
 itertools = "0.10.0"
 lazy_static = "1.4.0"
 regex = "1.4.3"
diff --git a/multinode_integration_tests/Cargo.toml b/multinode_integration_tests/Cargo.toml
index 8eb353564..2f6f4d816 100644
--- a/multinode_integration_tests/Cargo.toml
+++ b/multinode_integration_tests/Cargo.toml
@@ -10,7 +10,7 @@ workspace = "../node"
 
 [dependencies]
 base64 = "0.13.0"
-crossbeam-channel = "0.5.0"
+crossbeam-channel = "0.5.1"
 ethereum-types = "0.6.0"
 ethsign-crypto = "0.2.1"
 futures = "0.1.28"
diff --git a/node/Cargo.lock b/node/Cargo.lock
index 0b8e74bd7..fcf002f9b 100644
--- a/node/Cargo.lock
+++ b/node/Cargo.lock
@@ -448,9 +448,9 @@ dependencies = [
 
 [[package]]
 name = "crossbeam-channel"
-version = "0.5.0"
+version = "0.5.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "dca26ee1f8d361640700bde38b2c37d8c22b3ce2d360e1fc1c74ea4b0aa7d775"
+checksum = "06ed27e177f16d65f0f0c22a213e17c696ace5dd64b14258b52f9417ccb52db4"
 dependencies = [
  "cfg-if 1.0.0",
  "crossbeam-utils 0.8.0",
@@ -1688,7 +1688,7 @@ name = "masq"
 version = "1.0.0"
 dependencies = [
  "clap",
- "crossbeam-channel 0.5.0",
+ "crossbeam-channel 0.5.1",
  "lazy_static",
  "masq_lib",
  "rustyline",
@@ -1701,7 +1701,7 @@ version = "1.0.0"
 dependencies = [
  "actix",
  "clap",
- "crossbeam-channel 0.4.4",
+ "crossbeam-channel 0.5.1",
  "itertools",
  "lazy_static",
  "regex",
@@ -1834,7 +1834,7 @@ name = "multinode_integration_tests"
 version = "1.0.0"
 dependencies = [
  "base64 0.13.0",
- "crossbeam-channel 0.5.0",
+ "crossbeam-channel 0.5.1",
  "ethereum-types",
  "ethsign-crypto 0.2.1",
  "futures",
@@ -1929,7 +1929,7 @@ dependencies = [
  "bytes 0.4.12",
  "chrono",
  "clap",
- "crossbeam-channel 0.5.0",
+ "crossbeam-channel 0.5.1",
  "daemonize",
  "dirs",
  "ethereum-types",
diff --git a/node/Cargo.toml b/node/Cargo.toml
index de04a87bc..0fda041ff 100644
--- a/node/Cargo.toml
+++ b/node/Cargo.toml
@@ -17,7 +17,7 @@ base64 = "0.13.0"
 bytes = "0.4.12"
 chrono = "0.4.7"
 clap = "2.33.1"
-crossbeam-channel = "0.5.0"
+crossbeam-channel = "0.5.1"
 dirs = "2.0.2"
 ethsign = {version = "0.6.1", default-features = false, features = ["pure-rust"]}
 ethsign-crypto = "0.2.1"