diff --git a/package.json b/package.json
index bdacf9c72..d18aadd30 100644
--- a/package.json
+++ b/package.json
@@ -97,7 +97,7 @@
     "linkify-react": "4.2.0",
     "linkifyjs": "4.2.0",
     "matrix-encrypt-attachment": "1.0.3",
-    "matrix-js-sdk": "34.13.0",
+    "matrix-js-sdk": "38.3.0",
     "md5": "2.3.0",
     "moment-timezone": "0.5.47",
     "node-fetch": "2",
diff --git a/yarn.lock b/yarn.lock
index c24a6ce5d..dd64e1ea0 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -757,10 +757,10 @@
     lodash "^4.17.15"
     tmp-promise "^3.0.2"
 
-"@matrix-org/matrix-sdk-crypto-wasm@^9.0.0":
-  version "9.1.0"
-  resolved "https://registry.yarnpkg.com/@matrix-org/matrix-sdk-crypto-wasm/-/matrix-sdk-crypto-wasm-9.1.0.tgz#f889653eb4fafaad2a963654d586bd34de62acd5"
-  integrity sha512-CtPoNcoRW6ehwxpRQAksG3tR+NJ7k4DV02nMFYTDwQtie1V4R8OTY77BjEIs97NOblhtS26jU8m1lWsOBEz0Og==
+"@matrix-org/matrix-sdk-crypto-wasm@^15.2.0":
+  version "15.3.0"
+  resolved "https://registry.yarnpkg.com/@matrix-org/matrix-sdk-crypto-wasm/-/matrix-sdk-crypto-wasm-15.3.0.tgz#141fd041ae382b793369bcee4394b0b577bdea0c"
+  integrity sha512-QyxHvncvkl7nf+tnn92PjQ54gMNV8hMSpiukiDgNrqF6IYwgySTlcSdkPYdw8QjZJ0NR6fnVrNzMec0OohM3wA==
 
 "@matrix-org/olm@3.2.15":
   version "3.2.15"
@@ -5156,7 +5156,7 @@ log-symbols@^4.1.0:
     chalk "^4.1.0"
     is-unicode-supported "^0.1.0"
 
-loglevel@^1.7.1:
+loglevel@^1.9.2:
   version "1.9.2"
   resolved "https://registry.yarnpkg.com/loglevel/-/loglevel-1.9.2.tgz#c2e028d6c757720107df4e64508530db6621ba08"
   integrity sha512-HgMmCqIJSAKqo68l0rS2AanEWfkxaZ5wNiEFb5ggm08lDs9Xl2KxBlX3PTcaD2chBM1gXAYf491/M2Rv8Jwayg==
@@ -5272,19 +5272,18 @@ matrix-events-sdk@0.0.1:
   resolved "https://registry.yarnpkg.com/matrix-events-sdk/-/matrix-events-sdk-0.0.1.tgz#c8c38911e2cb29023b0bbac8d6f32e0de2c957dd"
   integrity sha512-1QEOsXO+bhyCroIe2/A5OwaxHvBm7EsSQ46DEDn8RBIfQwN5HWBpFvyWWR4QY0KHPPnnJdI99wgRiAl7Ad5qaA==
 
-matrix-js-sdk@34.13.0:
-  version "34.13.0"
-  resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-34.13.0.tgz#5a7a112cc0c9edd3bd58ae9669070dd220912f51"
-  integrity sha512-AAU8ZdCawca+7ucQfdcC3LA85OtCTV7QeqcjvKt/ZZhU3xL9VoawuoRQ+4R6H8KZnqyJmT4j7bdeC0jG4qcqLg==
+matrix-js-sdk@38.3.0:
+  version "38.3.0"
+  resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-38.3.0.tgz#5604a76db018bbe1876794bf1f290d2e9fe2a35c"
+  integrity sha512-Mfrbhz3ihkh9FPKoYptbGihi+mMXF7NBvckVLeQmgD5428bQ/1ItQOrioOlJCdWIbCIvJ3k0mBA43AoJqNYdfQ==
   dependencies:
     "@babel/runtime" "^7.12.5"
-    "@matrix-org/matrix-sdk-crypto-wasm" "^9.0.0"
-    "@matrix-org/olm" "3.2.15"
+    "@matrix-org/matrix-sdk-crypto-wasm" "^15.2.0"
     another-json "^0.2.0"
     bs58 "^6.0.0"
     content-type "^1.0.4"
     jwt-decode "^4.0.0"
-    loglevel "^1.7.1"
+    loglevel "^1.9.2"
     matrix-events-sdk "0.0.1"
     matrix-widget-api "^1.10.0"
     oidc-client-ts "^3.0.1"