diff --git a/requirements.txt b/requirements.txt
index 4d81ede..e0d7f13 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -1,22 +1,11 @@
-protobuf==4.21.6
-grpcio-tools==1.59.0
-wheel==0.41.2
-jsonrpcclient==4.0.3
-eth-hash==0.5.2
-rlp==3.0.0
-eth-rlp==0.3.0
-web3==6.11.1
-mnemonic==0.20
-pycoin==0.92.20230326
-pyyaml==6.0.1
-ipfshttpclient==0.4.13.2
-rfc3986==2.0.0
-pymultihash==0.8.2
-base58==2.1.1
-argcomplete==3.1.2
-grpcio-health-checking==1.59.0
-jsonschema==4.0.0
-eth-account==0.9.0
-snet-contracts==1.0.0
-lighthouseweb3==0.1.4
-zipp>=3.19.1
+protobuf==5.*
+grpcio-tools>=1.71.0
+wheel>=0.45.0
+rlp>=4.1.0
+web3==7.*
+ipfshttpclient>=0.7.0
+rfc3986>=2.0.0
+base58>=2.1.1
+grpcio-health-checking>=1.71.0
+snet-contracts==1.0.1
+lighthouseweb3>=0.1.4
diff --git a/snet/sdk/utils/utils.py b/snet/sdk/utils/utils.py
index b036be8..281840e 100644
--- a/snet/sdk/utils/utils.py
+++ b/snet/sdk/utils/utils.py
@@ -1,5 +1,4 @@
 import json
-import subprocess
 import sys
 import importlib.resources
 from urllib.parse import urlparse
diff --git a/version.py b/version.py
index ce1305b..76ad18b 100644
--- a/version.py
+++ b/version.py
@@ -1 +1 @@
-__version__ = "4.0.0"
+__version__ = "4.0.1"