diff --git a/Cargo.lock b/Cargo.lock
index 6702d3c94e08cf..f021a39e576808 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5016,9 +5016,9 @@ dependencies = [
 
 [[package]]
 name = "serde"
-version = "1.0.205"
+version = "1.0.206"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e33aedb1a7135da52b7c21791455563facbbcc43d0f0f66165b42c21b3dfb150"
+checksum = "5b3e4cd94123dd520a128bcd11e34d9e9e423e7e3e50425cb1b4b1e3549d0284"
 dependencies = [
  "serde_derive",
 ]
@@ -5034,9 +5034,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.205"
+version = "1.0.206"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "692d6f5ac90220161d6774db30c662202721e64aed9058d2c394f451261420c1"
+checksum = "fabfb6138d2383ea8208cf98ccf69cdfb1aff4088460681d84189aa259762f97"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/Cargo.toml b/Cargo.toml
index 2e4e857533db0d..3fd0872f9c928c 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -319,7 +319,7 @@ rustls = { version = "0.21.12", default-features = false, features = ["quic"] }
 scopeguard = "1.2.0"
 semver = "1.0.23"
 seqlock = "0.2.0"
-serde = "1.0.205" # must match the serde_derive version, see https://github.com/serde-rs/serde/issues/2584#issuecomment-1685252251
+serde = "1.0.206" # must match the serde_derive version, see https://github.com/serde-rs/serde/issues/2584#issuecomment-1685252251
 serde_bytes = "0.11.15"
 serde_derive = "1.0.205" # must match the serde version, see https://github.com/serde-rs/serde/issues/2584#issuecomment-1685252251
 serde_json = "1.0.124"
diff --git a/programs/sbf/Cargo.lock b/programs/sbf/Cargo.lock
index c08a7d45d0302b..e9eebc29c70977 100644
--- a/programs/sbf/Cargo.lock
+++ b/programs/sbf/Cargo.lock
@@ -4170,9 +4170,9 @@ dependencies = [
 
 [[package]]
 name = "serde"
-version = "1.0.205"
+version = "1.0.206"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e33aedb1a7135da52b7c21791455563facbbcc43d0f0f66165b42c21b3dfb150"
+checksum = "5b3e4cd94123dd520a128bcd11e34d9e9e423e7e3e50425cb1b4b1e3549d0284"
 dependencies = [
  "serde_derive",
 ]
@@ -4188,9 +4188,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.205"
+version = "1.0.206"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "692d6f5ac90220161d6774db30c662202721e64aed9058d2c394f451261420c1"
+checksum = "fabfb6138d2383ea8208cf98ccf69cdfb1aff4088460681d84189aa259762f97"
 dependencies = [
  "proc-macro2",
  "quote",