diff --git a/CHANGELOG.md b/CHANGELOG.md
index 83184dd52..b691afafe 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,14 @@
 # Changelog
 
+## 8.1.1 /2024-10-04
+
+## What's Changed
+
+* Handles missing hotkey file when traversing wallet by @ibraheem-opentensor in https://github.com/opentensor/btcli/pull/161
+* Backmerge/8.1.0 by @ibraheem-opentensor in https://github.com/opentensor/btcli/pull/162
+
+**Full Changelog**: https://github.com/opentensor/btcli/compare/v8.0.0...v8.1.1
+
 ## 8.1.0 /2024-10-03
 
 ## What's Changed
diff --git a/bittensor_cli/__init__.py b/bittensor_cli/__init__.py
index 84e1ab21b..96f9a2a5a 100644
--- a/bittensor_cli/__init__.py
+++ b/bittensor_cli/__init__.py
@@ -18,6 +18,6 @@
 from .cli import CLIManager
 
 
-__version__ = "8.1.0"
+__version__ = "8.1.1"
 
 __all__ = ["CLIManager", "__version__"]
diff --git a/bittensor_cli/cli.py b/bittensor_cli/cli.py
index 46109f4ab..669c354b4 100755
--- a/bittensor_cli/cli.py
+++ b/bittensor_cli/cli.py
@@ -56,7 +56,8 @@ class GitError(Exception):
         pass
 
 
-__version__ = "8.1.0"
+__version__ = "8.1.1"
+
 
 _core_version = re.match(r"^\d+\.\d+\.\d+", __version__).group(0)
 _version_split = _core_version.split(".")
diff --git a/requirements.txt b/requirements.txt
index 1a6550e0a..3131f6cb4 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -16,5 +16,5 @@ scalecodec==1.2.11
 substrate-interface~=1.7.9
 typer~=0.12
 websockets>=12.0
-bittensor-wallet==2.0.0
+bittensor-wallet==2.0.1
 bt-decode==0.2.0a0
\ No newline at end of file