diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6bb585dc..9af3e634 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [0.12.1] - 2023-01-09
+
 ### Changed
 
 - Swap: merge separate cancel/refund commands into one `cancel-and-refund` command for stuck swaps
@@ -336,7 +338,8 @@ It is possible to migrate critical data from the old db to the sqlite but there
 - Fixed an issue where Alice would not verify if Bob's Bitcoin lock transaction is semantically correct, i.e. pays the agreed upon amount to an output owned by both of them.
   Fixing this required a **breaking change** on the network layer and hence old versions are not compatible with this version.
 
-[Unreleased]: https://github.com/comit-network/xmr-btc-swap/compare/0.12.0...HEAD
+[Unreleased]: https://github.com/comit-network/xmr-btc-swap/compare/0.12.1...HEAD
+[0.12.1]: https://github.com/comit-network/xmr-btc-swap/compare/0.12.0...0.12.1
 [0.12.0]: https://github.com/comit-network/xmr-btc-swap/compare/0.11.0...0.12.0
 [0.11.0]: https://github.com/comit-network/xmr-btc-swap/compare/0.10.2...0.11.0
 [0.10.2]: https://github.com/comit-network/xmr-btc-swap/compare/0.10.1...0.10.2
diff --git a/Cargo.lock b/Cargo.lock
index b8e9d090..57bdbe74 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4015,7 +4015,7 @@ checksum = "8049cf85f0e715d6af38dde439cb0ccb91f67fb9f5f63c80f8b43e48356e1a3f"
 
 [[package]]
 name = "swap"
-version = "0.12.0"
+version = "0.12.1"
 dependencies = [
  "anyhow",
  "async-compression",
diff --git a/swap/Cargo.toml b/swap/Cargo.toml
index b791c66e..3f40ce71 100644
--- a/swap/Cargo.toml
+++ b/swap/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "swap"
-version = "0.12.0"
+version = "0.12.1"
 authors = [ "The COMIT guys <hello@comit.network>" ]
 edition = "2021"
 description = "XMR/BTC trustless atomic swaps."