diff --git a/charts/galoy-deps/Chart.lock b/charts/galoy-deps/Chart.lock
index edee4528b7..77f8506112 100644
--- a/charts/galoy-deps/Chart.lock
+++ b/charts/galoy-deps/Chart.lock
@@ -13,6 +13,6 @@ dependencies:
   version: 1.5.2
 - name: opentelemetry-collector
   repository: https://open-telemetry.github.io/opentelemetry-helm-charts
-  version: 0.62.3
-digest: sha256:8fc2b01a0fc2e4df934174e8c765222ff4124a042d7c8855b3e4a147b9172022
-generated: "2023-07-26T12:57:03.102815616Z"
+  version: 0.62.4
+digest: sha256:6259487ee6742b1371f78e924e21be1125c1af5c18d31b31bb749d9a3b761fcc
+generated: "2023-07-31T18:36:30.447637355Z"
diff --git a/charts/galoy-deps/Chart.yaml b/charts/galoy-deps/Chart.yaml
index 3a7dc3fbf2..aa3981e0d1 100644
--- a/charts/galoy-deps/Chart.yaml
+++ b/charts/galoy-deps/Chart.yaml
@@ -39,5 +39,5 @@ dependencies:
     condition: kubemonkey.enabled
   - name: opentelemetry-collector
     repository: https://open-telemetry.github.io/opentelemetry-helm-charts
-    version: 0.62.3
+    version: 0.62.4
     condition: opentelemetry-collector.enabled