diff --git a/package.json b/package.json
index 3c97a9c886..57c4e7a3d6 100644
--- a/package.json
+++ b/package.json
@@ -125,7 +125,7 @@
     "jszip": "^3.10.1",
     "lodash": "^4.17.21",
     "merge-options": "^3.0.4",
-    "multiformats": "9.9.0",
+    "multiformats": "12.1.2",
     "prom-client": "^15.0.0",
     "ssim": "^0.0.0",
     "tslib": "^2.6.2",
diff --git a/pnpm-lock.yaml b/pnpm-lock.yaml
index 00701b1ac8..76d1f376c8 100644
--- a/pnpm-lock.yaml
+++ b/pnpm-lock.yaml
@@ -128,8 +128,8 @@ dependencies:
     specifier: ^3.0.4
     version: 3.0.4
   multiformats:
-    specifier: 9.9.0
-    version: 9.9.0
+    specifier: 12.1.2
+    version: 12.1.2
   prom-client:
     specifier: ^15.0.0
     version: 15.0.0