diff --git a/package.json b/package.json
index 26abae6a..2ff6dd86 100644
--- a/package.json
+++ b/package.json
@@ -30,7 +30,7 @@
         "@ethersproject/hardware-wallets": "^5.7.0",
         "@ledgerhq/hw-app-eth": "^6.35.0",
         "@ledgerhq/hw-transport-node-hid": "^6.28.0",
-        "@openzeppelin/contracts": "^4.5.0",
+        "@openzeppelin/contracts": "^4.9.6",
         "@types/chai-as-promised": "^7.1.8",
         "axios": "^0.28.0",
         "bip39": "^3.0.4",
diff --git a/yarn.lock b/yarn.lock
index 77568b41..95087749 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1360,10 +1360,10 @@
   dependencies:
     "@octokit/openapi-types" "^12.11.0"
 
-"@openzeppelin/contracts@^4.5.0":
-  version "4.9.3"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.9.3.tgz#00d7a8cf35a475b160b3f0293a6403c511099364"
-  integrity sha512-He3LieZ1pP2TNt5JbkPA4PNT9WC3gOTOlDcFGJW4Le4QKqwmiNJCRt44APfxMxvq7OugU/cqYuPcSBzOw38DAg==
+"@openzeppelin/contracts@^4.9.6":
+  version "4.9.6"
+  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.9.6.tgz#2a880a24eb19b4f8b25adc2a5095f2aa27f39677"
+  integrity sha512-xSmezSupL+y9VkHZJGDoCBpmnB2ogM13ccaYDWqJTfS3dbuHkgjuwDFUmaFauBCboQMGB/S5UqUl2y54X99BmA==
 
 "@protobufjs/aspromise@^1.1.1", "@protobufjs/aspromise@^1.1.2":
   version "1.1.2"