diff --git a/Cargo.lock b/Cargo.lock
index 68272e1df9c8c..33117eb391388 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -371,7 +371,7 @@ version = "0.5.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "c3410529e8288c463bedb5930f82833bc0c90e5d2fe639a56582a4d09220b281"
 dependencies = [
- "autocfg 1.0.1",
+ "autocfg",
 ]
 
 [[package]]
@@ -391,12 +391,6 @@ dependencies = [
  "winapi",
 ]
 
-[[package]]
-name = "autocfg"
-version = "0.1.7"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1d49d90015b3c36167a20fe2810c5cd875ad504b39cff3d4eae7977e6b7c1cb2"
-
 [[package]]
 name = "autocfg"
 version = "1.0.1"
@@ -1030,15 +1024,6 @@ dependencies = [
  "syn",
 ]
 
-[[package]]
-name = "cloudabi"
-version = "0.0.3"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ddfc5b9aa5d4507acaf872de71051dfd0e309860e88966e1051e462a077aac4f"
-dependencies = [
- "bitflags",
-]
-
 [[package]]
 name = "concurrent-queue"
 version = "1.2.2"
@@ -2457,12 +2442,6 @@ version = "1.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "2022715d62ab30faffd124d40b76f4134a550a87792276512b18d63272333394"
 
-[[package]]
-name = "fuchsia-cprng"
-version = "0.1.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a06f77d526c1a601b7c4cdd98f54b5eaabffc14d5f2f0296febdc7f357c6d3ba"
-
 [[package]]
 name = "funty"
 version = "2.0.0"
@@ -3079,7 +3058,7 @@ version = "1.8.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "282a6247722caba404c065016bbfa522806e51714c34f5dfc3e4a3a46fcb4223"
 dependencies = [
- "autocfg 1.0.1",
+ "autocfg",
  "hashbrown 0.11.2",
  "serde",
 ]
@@ -4243,7 +4222,7 @@ version = "0.6.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "59accc507f1338036a0477ef61afdae33cde60840f4dfe481319ce3ad116ddf9"
 dependencies = [
- "autocfg 1.0.1",
+ "autocfg",
 ]
 
 [[package]]
@@ -4288,7 +4267,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "a92518e98c078586bc6c934028adcca4c92a53d6a958196de835170a01d84e4b"
 dependencies = [
  "adler",
- "autocfg 1.0.1",
+ "autocfg",
 ]
 
 [[package]]
@@ -4993,7 +4972,7 @@ version = "0.2.6"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "090c7f9998ee0ff65aa5b723e4009f7b217707f1fb5ea551329cc4d6231fb304"
 dependencies = [
- "autocfg 1.0.1",
+ "autocfg",
  "num-integer",
  "num-traits",
 ]
@@ -5023,7 +5002,7 @@ version = "0.1.44"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d2cc698a63b549a70bc047073d2949cce27cd1c7b0a4a862d08a8031bc2801db"
 dependencies = [
- "autocfg 1.0.1",
+ "autocfg",
  "num-traits",
 ]
 
@@ -5033,7 +5012,7 @@ version = "0.2.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "5c000134b5dbf44adc5cb772486d335293351644b801551abe8f75c84cfa4aef"
 dependencies = [
- "autocfg 1.0.1",
+ "autocfg",
  "num-bigint",
  "num-integer",
  "num-traits",
@@ -5045,7 +5024,7 @@ version = "0.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d41702bd167c2df5520b384281bc111a4b5efcf7fbc4c9c222c815b07e0a6a6a"
 dependencies = [
- "autocfg 1.0.1",
+ "autocfg",
  "num-integer",
  "num-traits",
 ]
@@ -5056,7 +5035,7 @@ version = "0.2.14"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "9a64b1ec5cda2586e284722486d802acf1f7dbdc623e2bfc57e65ca1cd099290"
 dependencies = [
- "autocfg 1.0.1",
+ "autocfg",
  "libm",
 ]
 
@@ -7129,25 +7108,6 @@ version = "0.7.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "dc33ff2d4973d518d823d61aa239014831e521c75da58e3df4840d3f47749d09"
 
-[[package]]
-name = "rand"
-version = "0.6.5"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6d71dacdc3c88c1fde3885a3be3fbab9f35724e6ce99467f7d9c5026132184ca"
-dependencies = [
- "autocfg 0.1.7",
- "libc",
- "rand_chacha 0.1.1",
- "rand_core 0.4.2",
- "rand_hc 0.1.0",
- "rand_isaac",
- "rand_jitter",
- "rand_os",
- "rand_pcg 0.1.2",
- "rand_xorshift",
- "winapi",
-]
-
 [[package]]
 name = "rand"
 version = "0.7.3"
@@ -7174,16 +7134,6 @@ dependencies = [
  "rand_hc 0.3.0",
 ]
 
-[[package]]
-name = "rand_chacha"
-version = "0.1.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "556d3a1ca6600bfcbab7c7c91ccb085ac7fbbcd70e008a98742e7847f4f7bcef"
-dependencies = [
- "autocfg 0.1.7",
- "rand_core 0.3.1",
-]
-
 [[package]]
 name = "rand_chacha"
 version = "0.2.2"
@@ -7204,21 +7154,6 @@ dependencies = [
  "rand_core 0.6.2",
 ]
 
-[[package]]
-name = "rand_core"
-version = "0.3.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7a6fdeb83b075e8266dcc8762c22776f6877a63111121f5f8c7411e5be7eed4b"
-dependencies = [
- "rand_core 0.4.2",
-]
-
-[[package]]
-name = "rand_core"
-version = "0.4.2"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9c33a3c44ca05fa6f1807d8e6743f3824e8509beca625669633be0acbdf509dc"
-
 [[package]]
 name = "rand_core"
 version = "0.5.1"
@@ -7247,15 +7182,6 @@ dependencies = [
  "rand 0.8.4",
 ]
 
-[[package]]
-name = "rand_hc"
-version = "0.1.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7b40677c7be09ae76218dc623efbf7b18e34bced3f38883af07bb75630a21bc4"
-dependencies = [
- "rand_core 0.3.1",
-]
-
 [[package]]
 name = "rand_hc"
 version = "0.2.0"
@@ -7274,50 +7200,6 @@ dependencies = [
  "rand_core 0.6.2",
 ]
 
-[[package]]
-name = "rand_isaac"
-version = "0.1.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ded997c9d5f13925be2a6fd7e66bf1872597f759fd9dd93513dd7e92e5a5ee08"
-dependencies = [
- "rand_core 0.3.1",
-]
-
-[[package]]
-name = "rand_jitter"
-version = "0.1.4"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1166d5c91dc97b88d1decc3285bb0a99ed84b05cfd0bc2341bdf2d43fc41e39b"
-dependencies = [
- "libc",
- "rand_core 0.4.2",
- "winapi",
-]
-
-[[package]]
-name = "rand_os"
-version = "0.1.3"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7b75f676a1e053fc562eafbb47838d67c84801e38fc1ba459e8f180deabd5071"
-dependencies = [
- "cloudabi",
- "fuchsia-cprng",
- "libc",
- "rand_core 0.4.2",
- "rdrand",
- "winapi",
-]
-
-[[package]]
-name = "rand_pcg"
-version = "0.1.2"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "abf9b09b01790cfe0364f52bf32995ea3c39f4d2dd011eac241d2914146d0b44"
-dependencies = [
- "autocfg 0.1.7",
- "rand_core 0.4.2",
-]
-
 [[package]]
 name = "rand_pcg"
 version = "0.2.1"
@@ -7336,15 +7218,6 @@ dependencies = [
  "rand_core 0.6.2",
 ]
 
-[[package]]
-name = "rand_xorshift"
-version = "0.1.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "cbf7e9e623549b0e21f6e97cf8ecf247c1a8fd2e8a992ae265314300b2455d5c"
-dependencies = [
- "rand_core 0.3.1",
-]
-
 [[package]]
 name = "rawpointer"
 version = "0.2.1"
@@ -7357,7 +7230,7 @@ version = "1.5.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "8b0d8e0819fadc20c74ea8373106ead0600e3a67ef1fe8da56e39b9ae7275674"
 dependencies = [
- "autocfg 1.0.1",
+ "autocfg",
  "crossbeam-deque",
  "either",
  "rayon-core",
@@ -7376,15 +7249,6 @@ dependencies = [
  "num_cpus",
 ]
 
-[[package]]
-name = "rdrand"
-version = "0.4.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "678054eb77286b51581ba43620cc911abf02758c91f93f479767aed0f90458b2"
-dependencies = [
- "rand_core 0.3.1",
-]
-
 [[package]]
 name = "redox_syscall"
 version = "0.1.57"
@@ -9137,19 +9001,18 @@ dependencies = [
 
 [[package]]
 name = "secp256k1"
-version = "0.21.2"
+version = "0.24.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ab7883017d5b21f011ef8040ea9c6c7ac90834c0df26a69e4c0b06276151f125"
+checksum = "ff55dc09d460954e9ef2fa8a7ced735a964be9981fd50e870b2b3b0705e14964"
 dependencies = [
- "rand 0.6.5",
  "secp256k1-sys",
 ]
 
 [[package]]
 name = "secp256k1-sys"
-version = "0.4.2"
+version = "0.6.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "957da2573cde917463ece3570eab4a0b3f19de6f1646cde62e6fd3868f566036"
+checksum = "83080e2c2fc1006e625be82e5d1eb6a43b7fd9578b617fcc55814daf286bba4b"
 dependencies = [
  "cc",
 ]
diff --git a/primitives/core/Cargo.toml b/primitives/core/Cargo.toml
index 9fbdeb15a0366..8187bd3b90a73 100644
--- a/primitives/core/Cargo.toml
+++ b/primitives/core/Cargo.toml
@@ -56,7 +56,7 @@ schnorrkel = { version = "0.9.1", features = [
 hex = { version = "0.4", default-features = false, optional = true }
 libsecp256k1 = { version = "0.7", default-features = false, features = ["static-context"], optional = true }
 merlin = { version = "2.0", default-features = false, optional = true }
-secp256k1 = { version = "0.21.2", default-features = false, features = ["recovery", "alloc"], optional = true }
+secp256k1 = { version = "0.24.1", default-features = false, features = ["recovery", "alloc"], optional = true }
 ss58-registry = { version = "1.17.0", default-features = false }
 sp-core-hashing = { version = "4.0.0", path = "./hashing", default-features = false, optional = true }
 sp-runtime-interface = { version = "6.0.0", default-features = false, path = "../runtime-interface" }
diff --git a/primitives/io/Cargo.toml b/primitives/io/Cargo.toml
index 6d0ac398e473d..162265a38828c 100644
--- a/primitives/io/Cargo.toml
+++ b/primitives/io/Cargo.toml
@@ -30,7 +30,7 @@ sp-tracing = { version = "5.0.0", default-features = false, path = "../tracing"
 log = { version = "0.4.16", optional = true }
 futures = { version = "0.3.21", features = ["thread-pool"], optional = true }
 parking_lot = { version = "0.12.0", optional = true }
-secp256k1 = { version = "0.21.2", features = ["recovery", "global-context"], optional = true }
+secp256k1 = { version = "0.24.1", features = ["recovery", "global-context"], optional = true }
 tracing = { version = "0.1.29", default-features = false }
 tracing-core = { version = "0.1.26", default-features = false}