diff --git a/Cargo.lock b/Cargo.lock
index fcbf669ab6d..58470f3493a 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1086,6 +1086,26 @@ dependencies = [
  "serde",
 ]
 
+[[package]]
+name = "bincode"
+version = "2.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "36eaf5d7b090263e8150820482d5d93cd964a81e4019913c972f4edcc6edb740"
+dependencies = [
+ "bincode_derive",
+ "serde",
+ "unty",
+]
+
+[[package]]
+name = "bincode_derive"
+version = "2.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "bf95709a440f45e986983918d0e8a1f30a9b1df04918fc828670606804ac3c09"
+dependencies = [
+ "virtue",
+]
+
 [[package]]
 name = "bindgen"
 version = "0.69.5"
@@ -4895,7 +4915,7 @@ dependencies = [
 name = "ockam_multiaddr"
 version = "0.70.0"
 dependencies = [
- "bincode",
+ "bincode 2.0.1",
  "miette",
  "minicbor",
  "multiaddr",
@@ -7360,7 +7380,7 @@ version = "5.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "874dcfa363995604333cf947ae9f751ca3af4522c60886774c4963943b4746b1"
 dependencies = [
- "bincode",
+ "bincode 1.3.3",
  "bitflags 1.3.2",
  "flate2",
  "fnv",
@@ -8119,6 +8139,12 @@ version = "0.9.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "8ecb6da28b8a351d773b68d5825ac39017e680750f980f3a1a85cd8dd28a47c1"
 
+[[package]]
+name = "unty"
+version = "0.0.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6d49784317cd0d1ee7ec5c716dd598ec5b4483ea832a2dced265471cc0f690ae"
+
 [[package]]
 name = "url"
 version = "2.5.4"
@@ -8237,6 +8263,12 @@ version = "0.9.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "0b928f33d975fc6ad9f86c8f283853ad26bdd5b10b7f1542aa2fa15e2289105a"
 
+[[package]]
+name = "virtue"
+version = "0.0.18"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "051eb1abcf10076295e815102942cc58f9d5e3b4560e46e53c21e8ff6f3af7b1"
+
 [[package]]
 name = "void"
 version = "1.0.2"
diff --git a/implementations/rust/ockam/ockam_multiaddr/Cargo.toml b/implementations/rust/ockam/ockam_multiaddr/Cargo.toml
index 5ad095cc58c..c94d5498416 100644
--- a/implementations/rust/ockam/ockam_multiaddr/Cargo.toml
+++ b/implementations/rust/ockam/ockam_multiaddr/Cargo.toml
@@ -43,7 +43,7 @@ default-features = false
 features = ["no_std", "alloc"]
 
 [dev-dependencies]
-bincode = "1.1.3"
+bincode = "2.0.1"
 multiaddr = "0.18"
 ockam_multiaddr = { path = ".", features = ["cbor", "std", "serde"] }
 quickcheck = "1.0.3"