diff --git a/rust/Cargo.lock b/rust/Cargo.lock
index dc4aa72b06..e3582fb2c9 100644
--- a/rust/Cargo.lock
+++ b/rust/Cargo.lock
@@ -4357,18 +4357,18 @@ checksum = "507e9898683b6c43a9aa55b64259b721b52ba226e0f3779137e50ad114a4c90b"
 
 [[package]]
 name = "thiserror"
-version = "1.0.57"
+version = "1.0.59"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1e45bcbe8ed29775f228095caf2cd67af7a4ccf756ebff23a306bf3e8b47b24b"
+checksum = "f0126ad08bff79f29fc3ae6a55cc72352056dfff61e3ff8bb7129476d44b23aa"
 dependencies = [
  "thiserror-impl",
 ]
 
 [[package]]
 name = "thiserror-impl"
-version = "1.0.57"
+version = "1.0.59"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a953cb265bef375dae3de6663da4d3804eee9682ea80d8e2542529b73c531c81"
+checksum = "d1cd413b5d558b4c5bf3680e324a6fa5014e7b7c067a51e69dbdf47eb7148b66"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/rust/db_handling/Cargo.toml b/rust/db_handling/Cargo.toml
index df5d01cebf..e085fe605d 100644
--- a/rust/db_handling/Cargo.toml
+++ b/rust/db_handling/Cargo.toml
@@ -18,7 +18,7 @@ regex = "1.10.3"
 sled = "0.34.6"
 sp-core = {git = "https://github.com/paritytech/substrate", default-features = false, features = ["full_crypto"], optional = true}
 sp-runtime = {git = "https://github.com/paritytech/substrate", default-features = false, optional = true}
-thiserror = "1.0.57"
+thiserror = "1.0.59"
 time = {version = "0.3.34", features = ["formatting", "macros"]}
 tiny-bip39 = {version = "1.0.0", default-features = false, optional = true}
 zeroize = { version = "1.7.0", optional = true, features = ["std"] }
diff --git a/rust/defaults/Cargo.toml b/rust/defaults/Cargo.toml
index 94e2289090..ba07851643 100644
--- a/rust/defaults/Cargo.toml
+++ b/rust/defaults/Cargo.toml
@@ -11,7 +11,7 @@ lazy_static = {version = "1.4.0", optional = true}
 regex = {version = "1.10.3", optional = true}
 sp-core = {git = "https://github.com/paritytech/substrate", default-features = false, features = ["full_crypto"]}
 sp-runtime = {git = "https://github.com/paritytech/substrate", default-features = false}
-thiserror = "1.0.57"
+thiserror = "1.0.59"
 
 [features]
 default = []
diff --git a/rust/definitions/Cargo.toml b/rust/definitions/Cargo.toml
index 2a7717c791..c3ae35b28c 100644
--- a/rust/definitions/Cargo.toml
+++ b/rust/definitions/Cargo.toml
@@ -18,7 +18,7 @@ sp-io = {git = "https://github.com/paritytech/substrate", optional = true}
 sp-runtime = {git = "https://github.com/paritytech/substrate", default-features = false}
 sp-version = {git = "https://github.com/paritytech/substrate"}
 sp-wasm-interface = {git = "https://github.com/paritytech/substrate", optional = true}
-thiserror = "1.0.57"
+thiserror = "1.0.59"
 constants = {path = "../constants"}
 
 [features]
diff --git a/rust/generate_message/Cargo.toml b/rust/generate_message/Cargo.toml
index 19b47e36aa..402769edfb 100644
--- a/rust/generate_message/Cargo.toml
+++ b/rust/generate_message/Cargo.toml
@@ -22,7 +22,7 @@ sled = "0.34.6"
 sp-core = {git = "https://github.com/paritytech/substrate", default-features = false, features = ["full_crypto"]}
 sp-runtime = { git = "https://github.com/paritytech/substrate", default-features = false }
 sp-keyring = { git = "https://github.com/paritytech/substrate", default-features = false }
-thiserror = "1.0.57"
+thiserror = "1.0.59"
 tokio = { version = "1", features = ["full"] }
 
 [dev-dependencies]
diff --git a/rust/navigator/Cargo.toml b/rust/navigator/Cargo.toml
index 4eae0ccc3f..9637e92d13 100644
--- a/rust/navigator/Cargo.toml
+++ b/rust/navigator/Cargo.toml
@@ -12,7 +12,7 @@ hex = "0.4.3"
 lazy_static = "1.4.0"
 sp-runtime = {git = "https://github.com/paritytech/substrate", default-features = false}
 banana_recovery = { git = "https://github.com/paritytech/banana-recovery-rust" }
-thiserror = "1.0.57"
+thiserror = "1.0.59"
 transaction_parsing = {path = "../transaction_parsing"}
 transaction_signing = {path = "../transaction_signing"}
 zeroize = { version = "1.7.0", features = ["std"] }
diff --git a/rust/parser/Cargo.toml b/rust/parser/Cargo.toml
index 84b76effef..405d4dbbdc 100644
--- a/rust/parser/Cargo.toml
+++ b/rust/parser/Cargo.toml
@@ -20,7 +20,7 @@ scale-info = "2.10.0"
 sp-arithmetic = {git = "https://github.com/paritytech/substrate"}
 sp-core = {git = "https://github.com/paritytech/substrate", default-features = false, features = ["full_crypto"]}
 sp-runtime = {git = "https://github.com/paritytech/substrate", default-features = false}
-thiserror = "1.0.57"
+thiserror = "1.0.59"
 
 [dev-dependencies]
 pretty_assertions = "1"
diff --git a/rust/qr_reader_phone/Cargo.toml b/rust/qr_reader_phone/Cargo.toml
index 9524bef1a1..6d2fb40f04 100644
--- a/rust/qr_reader_phone/Cargo.toml
+++ b/rust/qr_reader_phone/Cargo.toml
@@ -10,7 +10,7 @@ edition = "2018"
 hex = "0.4.3"
 raptorq = "2.0.0"
 nom = "7.1.3"
-thiserror = "1.0.57"
+thiserror = "1.0.59"
 constants = {path = "../constants"}
 banana_recovery = { git = "https://github.com/paritytech/banana-recovery-rust" }
 db_handling = { path = "../db_handling" }
diff --git a/rust/transaction_parsing/Cargo.toml b/rust/transaction_parsing/Cargo.toml
index 6d40f979b6..da708a5144 100644
--- a/rust/transaction_parsing/Cargo.toml
+++ b/rust/transaction_parsing/Cargo.toml
@@ -17,7 +17,7 @@ parser = {path = "../parser", default-features = false}
 sled = "0.34.6"
 sp-core = {git = "https://github.com/paritytech/substrate", default-features = false, features = ["full_crypto"]}
 sp-runtime = {git = "https://github.com/paritytech/substrate", default-features = false}
-thiserror = "1.0.57"
+thiserror = "1.0.59"
 nom = "7.1.3"
 log = "0.4"
 
diff --git a/rust/transaction_signing/Cargo.toml b/rust/transaction_signing/Cargo.toml
index 679e687074..1269b89257 100644
--- a/rust/transaction_signing/Cargo.toml
+++ b/rust/transaction_signing/Cargo.toml
@@ -14,7 +14,7 @@ definitions = { path = "../definitions", default-features = false }
 db_handling = { path = "../db_handling", default-features = false }
 sp-core = { git = "https://github.com/paritytech/substrate", default-features = false, features = ["full_crypto"] }
 sp-runtime = { git = "https://github.com/paritytech/substrate", default-features = false }
-thiserror = "1.0.57"
+thiserror = "1.0.59"
 anyhow = "1.0.81"
 sled = "0.34"