diff --git a/Cargo.lock b/Cargo.lock
index ef9bb94..416fbdb 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -482,7 +482,7 @@ dependencies = [
 
 [[package]]
 name = "near-sandbox-utils"
-version = "0.8.0"
+version = "0.8.1"
 dependencies = [
  "anyhow",
  "binary-install",
diff --git a/crate/CHANGELOG.md b/crate/CHANGELOG.md
index 5ed1b1c..2bb6332 100644
--- a/crate/CHANGELOG.md
+++ b/crate/CHANGELOG.md
@@ -6,6 +6,11 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [0.8.1](https://github.com/near/near-sandbox/compare/v0.8.0...v0.8.1) - 2024-07-05
+
+### Other
+- Updated the default neard version to 1.40.0 ([#85](https://github.com/near/near-sandbox/pull/85))
+
 ## [0.8.0](https://github.com/near/near-sandbox/compare/v0.7.0...v0.8.0) - 2024-06-11
 
 ### Added
diff --git a/crate/Cargo.toml b/crate/Cargo.toml
index 8ae6d48..5443c4e 100644
--- a/crate/Cargo.toml
+++ b/crate/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "near-sandbox-utils"
-version = "0.8.0"
+version = "0.8.1"
 edition = "2018"
 license = "MIT OR Apache-2.0"
 repository = "https://github.com/near/sandbox"