diff --git a/Cargo.lock b/Cargo.lock
index fde1f9b32a..fa0e06eb58 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1716,7 +1716,7 @@ dependencies = [
 
 [[package]]
 name = "iota-sdk-python"
-version = "1.0.1"
+version = "1.0.2"
 dependencies = [
  "futures",
  "iota-sdk-bindings-core",
diff --git a/bindings/python/Cargo.toml b/bindings/python/Cargo.toml
index c5ee966d9b..31390dbeb3 100644
--- a/bindings/python/Cargo.toml
+++ b/bindings/python/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "iota-sdk-python"
-version = "1.0.1"
+version = "1.0.2"
 authors = ["IOTA Stiftung"]
 edition = "2021"
 description = "Python bindings for the IOTA SDK library"
diff --git a/bindings/python/setup.py b/bindings/python/setup.py
index 03044f3557..e709f935d0 100644
--- a/bindings/python/setup.py
+++ b/bindings/python/setup.py
@@ -22,7 +22,7 @@ def get_py_version_cfgs():
 
 setup(
     name="iota_sdk",
-    version="1.0.1",
+    version="1.0.2",
     classifiers=[
         "License :: SPDX-License-Identifier ::  Apache-2.0",
         "Intended Audience :: Developers",