diff --git a/Cargo.lock b/Cargo.lock
index 545c3615ab46..67d0ee5f760c 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -7144,9 +7144,9 @@ dependencies = [
 
 [[package]]
 name = "tokio-util"
-version = "0.6.1"
+version = "0.6.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "12ae4751faa60b9f96dd8344d74592e5a17c0c9a220413dbc6942d14139bbfcc"
+checksum = "ec31e5cc6b46e653cf57762f36f71d5e6386391d88a72fd6db4508f8f676fb29"
 dependencies = [
  "bytes 1.0.1",
  "futures-core",
@@ -7155,7 +7155,6 @@ dependencies = [
  "log",
  "pin-project-lite",
  "tokio",
- "tokio-stream",
 ]
 
 [[package]]
diff --git a/common/rate-limiter/Cargo.toml b/common/rate-limiter/Cargo.toml
index 8cbcfe4271ee..718144188d99 100644
--- a/common/rate-limiter/Cargo.toml
+++ b/common/rate-limiter/Cargo.toml
@@ -17,4 +17,4 @@ diem-metrics = { path = "../metrics", version = "0.1.0" }
 futures = "0.3.12"
 pin-project = "1.0.4"
 tokio = { version = "1.0.2", features = ["full"] }
-tokio-util = { version = "0.6.0", features = ["compat"] }
+tokio-util = { version = "0.6.4", features = ["compat"] }
diff --git a/network/Cargo.toml b/network/Cargo.toml
index c8774db9f02e..eb6d866500fe 100644
--- a/network/Cargo.toml
+++ b/network/Cargo.toml
@@ -27,7 +27,7 @@ thiserror = "1.0.23"
 tokio = { version = "1.0.2", features = ["full"] }
 tokio-retry = "0.2.0"
 tokio-stream = "0.1.1"
-tokio-util = { version = "0.6.0", features = ["compat", "codec"] }
+tokio-util = { version = "0.6.4", features = ["compat", "codec"] }
 
 bitvec = { path = "../common/bitvec", version = "0.1.0", package = "diem-bitvec" }
 channel = { path = "../common/channel", version = "0.1.0" }
diff --git a/network/netcore/Cargo.toml b/network/netcore/Cargo.toml
index d5e796357074..6013712dad45 100644
--- a/network/netcore/Cargo.toml
+++ b/network/netcore/Cargo.toml
@@ -15,7 +15,7 @@ futures = "0.3.12"
 pin-project = "1.0.4"
 serde = { version = "1.0.120", default-features = false }
 tokio = { version = "1.0.2", features = ["full"] }
-tokio-util = { version = "0.6.0", features = ["compat"] }
+tokio-util = { version = "0.6.4", features = ["compat"] }
 url = { version = "2.1.1" }
 
 diem-workspace-hack = { path = "../../common/workspace-hack", version = "0.1.0" }
diff --git a/network/socket-bench-server/Cargo.toml b/network/socket-bench-server/Cargo.toml
index f31f948776ab..ed7fe2a3d235 100644
--- a/network/socket-bench-server/Cargo.toml
+++ b/network/socket-bench-server/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 [dependencies]
 futures = "0.3.12"
 tokio = { version = "1.0.2", features = ["full"] }
-tokio-util = { version = "0.6.0", features = ["compat", "codec"] }
+tokio-util = { version = "0.6.4", features = ["compat", "codec"] }
 
 diem-crypto = { path = "../../crypto/crypto" }
 diem-config = { path = "../../config" }
diff --git a/storage/backup/backup-cli/Cargo.toml b/storage/backup/backup-cli/Cargo.toml
index 5bca6c773c39..519dd07124c9 100644
--- a/storage/backup/backup-cli/Cargo.toml
+++ b/storage/backup/backup-cli/Cargo.toml
@@ -28,7 +28,7 @@ structopt = "0.3.21"
 toml = "0.5.8"
 tokio = { version = "1.0.2", features = ["full"] }
 tokio-stream = "0.1.1"
-tokio-util = { version = "0.6.0", features = ["compat"] }
+tokio-util = { version = "0.6.4", features = ["compat"] }
 
 executor = { path = "../../../execution/executor", version = "0.1.0" }
 executor-test-helpers = { path = "../../../execution/executor-test-helpers", version = "0.1.0", optional = true }