diff --git a/Cargo.lock b/Cargo.lock
index 1ea9b2fda028f..540981e927229 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4816,7 +4816,7 @@ dependencies = [
  "sp-runtime",
  "sp-sandbox",
  "sp-std",
- "wasmi-validation",
+ "wasmi-validation 0.4.0",
  "wat",
 ]
 
@@ -5768,6 +5768,12 @@ version = "0.41.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ddfc878dac00da22f8f61e7af3157988424567ab01d9920b962ef7dcbd7cd865"
 
+[[package]]
+name = "parity-wasm"
+version = "0.42.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "be5e13c266502aadf83426d87d81a0f5d1ef45b8027f5a471c360abfe4bfae92"
+
 [[package]]
 name = "parity-ws"
 version = "0.10.0"
@@ -10804,7 +10810,7 @@ dependencies = [
  "num-rational",
  "num-traits",
  "parity-wasm 0.41.0",
- "wasmi-validation",
+ "wasmi-validation 0.3.0",
 ]
 
 [[package]]
@@ -10816,6 +10822,15 @@ dependencies = [
  "parity-wasm 0.41.0",
 ]
 
+[[package]]
+name = "wasmi-validation"
+version = "0.4.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "a2eb8e860796d8be48efef530b60eebf84e74a88bce107374fffb0da97d504b8"
+dependencies = [
+ "parity-wasm 0.42.2",
+]
+
 [[package]]
 name = "wasmparser"
 version = "0.71.0"
diff --git a/frame/contracts/Cargo.toml b/frame/contracts/Cargo.toml
index 018a8a5df672e..7f9fa9f97667f 100644
--- a/frame/contracts/Cargo.toml
+++ b/frame/contracts/Cargo.toml
@@ -27,7 +27,7 @@ sp-runtime = { version = "3.0.0", default-features = false, path = "../../primit
 sp-io = { version = "3.0.0", default-features = false, path = "../../primitives/io" }
 sp-std = { version = "3.0.0", default-features = false, path = "../../primitives/std" }
 sp-sandbox = { version = "0.9.0", default-features = false, path = "../../primitives/sandbox" }
-wasmi-validation = { version = "0.3.0", default-features = false }
+wasmi-validation = { version = "0.4.0", default-features = false }
 log = { version = "0.4.14", default-features = false }
 
 # Only used in benchmarking to generate random contract code