diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1165802c9..6dc8e0ede 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,11 @@
+## Diamond Node Software 4.0.1
+
+First hotfix
+Mitigates the transaction spam caused by flaws in the transaction management of report disconnectivity transactions.
+
+- [Reduce Intervals for connectivity checks](https://github.com/DMDcoin/diamond-node/issues/313)
+- [connectivity reports should not trigger if there is no block production](https://github.com/DMDcoin/diamond-node/issues/243)
+
 ## Diamond Node Software 4.0.0
 
 Official Node Software start version for the DMD Diamond network version 4.
diff --git a/Cargo.lock b/Cargo.lock
index c9f3ba8b3..f41aa956e 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -850,7 +850,7 @@ dependencies = [
 
 [[package]]
 name = "diamond-node"
-version = "4.0.0"
+version = "4.0.1"
 dependencies = [
  "ansi_term 0.10.2",
  "atty",
@@ -3579,7 +3579,7 @@ dependencies = [
 
 [[package]]
 name = "parity-version"
-version = "4.0.0"
+version = "4.0.1"
 dependencies = [
  "parity-bytes",
  "rlp",
diff --git a/Cargo.toml b/Cargo.toml
index f1b4fc09b..edeb127ca 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -2,7 +2,7 @@
 description = "Diamond Node"
 name = "diamond-node"
 # NOTE Make sure to update util/version/Cargo.toml as well
-version = "4.0.0"
+version = "4.0.1"
 license = "GPL-3.0"
 authors = [
 	"bit.diamonds developers",
diff --git a/crates/util/version/Cargo.toml b/crates/util/version/Cargo.toml
index 868888bc2..be1b4000e 100644
--- a/crates/util/version/Cargo.toml
+++ b/crates/util/version/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "parity-version"
 # NOTE: this value is used for OpenEthereum version string (via env CARGO_PKG_VERSION)
-version = "4.0.0"
+version = "4.0.1"
 authors = [
 	"bit.diamonds developers",
 	"OpenEthereum developers",