diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2414b13b..a23d53af 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,10 @@
+## [7.2.4](https://github.com/decentralized-identity/did-jwt/compare/7.2.3...7.2.4) (2023-06-26)
+
+
+### Bug Fixes
+
+* **deps:** update dependency multiformats to v12 ([#285](https://github.com/decentralized-identity/did-jwt/issues/285)) ([90b2d68](https://github.com/decentralized-identity/did-jwt/commit/90b2d68e321dda12f04e796b7c2e4fb0e7fddd80))
+
 ## [7.2.3](https://github.com/decentralized-identity/did-jwt/compare/7.2.2...7.2.3) (2023-06-26)
 
 
diff --git a/package.json b/package.json
index 10a21707..efe39196 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "did-jwt",
-  "version": "7.2.3",
+  "version": "7.2.4",
   "description": "Library for Signing and Verifying JWTs that use DIDs as issuers and JWEs that use DIDs as recipients",
   "type": "module",
   "source": "src/index.ts",