diff --git a/CHANGELOG.md b/CHANGELOG.md
index 961fa8f791d..9b4264fc1bc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+Changes in [34.8.0](https://github.com/matrix-org/matrix-js-sdk/releases/tag/v34.8.0) (2024-10-15)
+==================================================================================================
+This release removes insecure functionality, resolving CVE-2024-47080 / GHSA-4jf8-g8wp-cx7c.
+
 Changes in [34.7.0](https://github.com/matrix-org/matrix-js-sdk/releases/tag/v34.7.0) (2024-10-08)
 ==================================================================================================
 ## 🦖 Deprecations
diff --git a/package.json b/package.json
index 98342b75f94..9dff6ea8601 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "matrix-js-sdk",
-    "version": "34.7.0",
+    "version": "34.8.0",
     "description": "Matrix Client-Server SDK for Javascript",
     "engines": {
         "node": ">=20.0.0"