diff --git a/Cargo.lock b/Cargo.lock
index e84be506e6..76c48feee7 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2183,6 +2183,14 @@ dependencies = [
  "parking_lot 0.7.1 (registry+https://github.com/rust-lang/crates.io-index)",
 ]
 
+[[package]]
+name = "once_cell"
+version = "1.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+dependencies = [
+ "parking_lot 0.9.0 (registry+https://github.com/rust-lang/crates.io-index)",
+]
+
 [[package]]
 name = "opaque-debug"
 version = "0.2.2"
@@ -3040,6 +3048,14 @@ name = "rustc-demangle"
 version = "0.1.15"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 
+[[package]]
+name = "rustc-hash"
+version = "1.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+dependencies = [
+ "byteorder 1.3.2 (registry+https://github.com/rust-lang/crates.io-index)",
+]
+
 [[package]]
 name = "rustc_version"
 version = "0.2.3"
@@ -3863,7 +3879,7 @@ dependencies = [
  "rpassword 4.0.3 (registry+https://github.com/rust-lang/crates.io-index)",
  "solana-clap-utils 0.23.0",
  "solana-sdk 0.23.0",
- "tiny-bip39 0.6.2 (registry+https://github.com/rust-lang/crates.io-index)",
+ "tiny-bip39 0.7.0 (registry+https://github.com/rust-lang/crates.io-index)",
 ]
 
 [[package]]
@@ -4232,7 +4248,7 @@ dependencies = [
  "solana-logger 0.23.0",
  "solana-sdk-macro 0.23.0",
  "thiserror 1.0.9 (registry+https://github.com/rust-lang/crates.io-index)",
- "tiny-bip39 0.6.2 (registry+https://github.com/rust-lang/crates.io-index)",
+ "tiny-bip39 0.7.0 (registry+https://github.com/rust-lang/crates.io-index)",
 ]
 
 [[package]]
@@ -5180,6 +5196,20 @@ dependencies = [
  "sha2 0.8.1 (registry+https://github.com/rust-lang/crates.io-index)",
 ]
 
+[[package]]
+name = "tiny-bip39"
+version = "0.7.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+dependencies = [
+ "failure 0.1.5 (registry+https://github.com/rust-lang/crates.io-index)",
+ "hmac 0.7.1 (registry+https://github.com/rust-lang/crates.io-index)",
+ "once_cell 1.2.0 (registry+https://github.com/rust-lang/crates.io-index)",
+ "pbkdf2 0.3.0 (registry+https://github.com/rust-lang/crates.io-index)",
+ "rand 0.7.2 (registry+https://github.com/rust-lang/crates.io-index)",
+ "rustc-hash 1.0.1 (registry+https://github.com/rust-lang/crates.io-index)",
+ "sha2 0.8.1 (registry+https://github.com/rust-lang/crates.io-index)",
+]
+
 [[package]]
 name = "tiny-keccak"
 version = "1.5.0"
@@ -6112,6 +6142,7 @@ dependencies = [
 "checksum num_enum_derive 0.4.2 (registry+https://github.com/rust-lang/crates.io-index)" = "b59f30f6a043f2606adbd0addbf1eef6f2e28e8c4968918b63b7ff97ac0db2a7"
 "checksum number_prefix 0.3.0 (registry+https://github.com/rust-lang/crates.io-index)" = "17b02fc0ff9a9e4b35b3342880f48e896ebf69f2967921fe8646bf5b7125956a"
 "checksum once_cell 0.1.8 (registry+https://github.com/rust-lang/crates.io-index)" = "532c29a261168a45ce28948f9537ddd7a5dd272cc513b3017b1e82a88f962c37"
+"checksum once_cell 1.2.0 (registry+https://github.com/rust-lang/crates.io-index)" = "891f486f630e5c5a4916c7e16c4b24a53e78c860b646e9f8e005e4f16847bfed"
 "checksum opaque-debug 0.2.2 (registry+https://github.com/rust-lang/crates.io-index)" = "93f5bb2e8e8dec81642920ccff6b61f1eb94fa3020c5a325c9851ff604152409"
 "checksum openssl-probe 0.1.2 (registry+https://github.com/rust-lang/crates.io-index)" = "77af24da69f9d9341038eba93a073b1fdaaa1b788221b00a69bce9e762cb32de"
 "checksum ordermap 0.3.5 (registry+https://github.com/rust-lang/crates.io-index)" = "a86ed3f5f244b372d6b1a00b72ef7f8876d0bc6a78a4c9985c53614041512063"
@@ -6202,6 +6233,7 @@ dependencies = [
 "checksum rocksdb 0.13.0 (registry+https://github.com/rust-lang/crates.io-index)" = "12069b106981c6103d3eab7dd1c86751482d0779a520b7c14954c8b586c1e643"
 "checksum rpassword 4.0.3 (registry+https://github.com/rust-lang/crates.io-index)" = "d59f0e97173c514b9036cd450c195a6483ba81055c6fa0f1bff3ab563f47d44a"
 "checksum rustc-demangle 0.1.15 (registry+https://github.com/rust-lang/crates.io-index)" = "a7f4dccf6f4891ebcc0c39f9b6eb1a83b9bf5d747cb439ec6fba4f3b977038af"
+"checksum rustc-hash 1.0.1 (registry+https://github.com/rust-lang/crates.io-index)" = "7540fc8b0c49f096ee9c961cda096467dce8084bec6bdca2fc83895fd9b28cb8"
 "checksum rustc_version 0.2.3 (registry+https://github.com/rust-lang/crates.io-index)" = "138e3e0acb6c9fb258b19b67cb8abd63c00679d2851805ea151465464fe9030a"
 "checksum rustls 0.16.0 (registry+https://github.com/rust-lang/crates.io-index)" = "b25a18b1bf7387f0145e7f8324e700805aade3842dd3db2e74e4cdeb4677c09e"
 "checksum rustls-native-certs 0.1.0 (registry+https://github.com/rust-lang/crates.io-index)" = "51ffebdbb48c14f84eba0b715197d673aff1dd22cc1007ca647e28483bbcc307"
@@ -6309,6 +6341,7 @@ dependencies = [
 "checksum threshold_crypto 0.3.2 (registry+https://github.com/rust-lang/crates.io-index)" = "95be1032c63011f20b01c5edb64930e2b51512782b43b458b1e3449613d70f87"
 "checksum time 0.1.42 (registry+https://github.com/rust-lang/crates.io-index)" = "db8dcfca086c1143c9270ac42a2bbd8a7ee477b78ac8e45b19abfb0cbede4b6f"
 "checksum tiny-bip39 0.6.2 (registry+https://github.com/rust-lang/crates.io-index)" = "c1c5676413eaeb1ea35300a0224416f57abc3bd251657e0fafc12c47ff98c060"
+"checksum tiny-bip39 0.7.0 (registry+https://github.com/rust-lang/crates.io-index)" = "1cd1fb03fe8e07d17cd851a624a9fff74642a997b67fbd1ccd77533241640d92"
 "checksum tiny-keccak 1.5.0 (registry+https://github.com/rust-lang/crates.io-index)" = "1d8a021c69bb74a44ccedb824a046447e2c84a01df9e5c20779750acb38e11b2"
 "checksum tokio 0.1.22 (registry+https://github.com/rust-lang/crates.io-index)" = "5a09c0b5bb588872ab2f09afa13ee6e9dac11e10a0ec9e8e3ba39a5a5d530af6"
 "checksum tokio 0.2.6 (registry+https://github.com/rust-lang/crates.io-index)" = "0e1bef565a52394086ecac0a6fa3b8ace4cb3a138ee1d96bd2b93283b56824e3"
diff --git a/keygen/Cargo.toml b/keygen/Cargo.toml
index 0022a1ca68..00450f8509 100644
--- a/keygen/Cargo.toml
+++ b/keygen/Cargo.toml
@@ -16,7 +16,7 @@ num_cpus = "1.11.1"
 rpassword = "4.0"
 solana-clap-utils = { path = "../clap-utils", version = "0.23.0" }
 solana-sdk = { path = "../sdk", version = "0.23.0" }
-tiny-bip39 = "0.6.2"
+tiny-bip39 = "0.7.0"
 
 [[bin]]
 name = "solana-keygen"
diff --git a/sdk/Cargo.toml b/sdk/Cargo.toml
index dc5fe67270..04109268ff 100644
--- a/sdk/Cargo.toml
+++ b/sdk/Cargo.toml
@@ -53,4 +53,4 @@ solana-logger = { path = "../logger", version = "0.23.0", optional = true }
 solana-sdk-macro = { path = "macro", version = "0.23.0" }
 
 [dev-dependencies]
-tiny-bip39 = "0.6.2"
+tiny-bip39 = "0.7.0"