diff --git a/Cargo.lock b/Cargo.lock
index 4fe44d24fc57dd..7749b7c6f4ec69 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3504,7 +3504,7 @@ dependencies = [
  "solana-logger 1.8.0",
  "solana-sdk",
  "solana_rbpf",
- "time 0.3.2",
+ "time 0.3.4",
 ]
 
 [[package]]
@@ -6167,9 +6167,9 @@ dependencies = [
 
 [[package]]
 name = "time"
-version = "0.3.2"
+version = "0.3.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3e0a10c9a9fb3a5dce8c2239ed670f1a2569fcf42da035f5face1b19860d52b0"
+checksum = "99beeb0daeac2bd1e86ac2c21caddecb244b39a093594da1a661ec2060c7aedd"
 dependencies = [
  "libc",
 ]
diff --git a/rbpf-cli/Cargo.toml b/rbpf-cli/Cargo.toml
index 9f8c19de9d1388..77b400f8227265 100644
--- a/rbpf-cli/Cargo.toml
+++ b/rbpf-cli/Cargo.toml
@@ -16,4 +16,4 @@ solana-bpf-loader-program = { path = "../programs/bpf_loader", version = "=1.8.0
 solana-logger = { path = "../logger", version = "=1.8.0" }
 solana-sdk = { path = "../sdk", version = "=1.8.0" }
 solana_rbpf = "=0.2.14"
-time = "0.3.2"
+time = "0.3.4"