diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3184eb8bc..09c1b682f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,14 @@
 # Changelog
 
+## v0.33.8
+
+*August 11, 2020*
+
+## Go security update
+
+Go reported a security vulnerability that affected the `encoding/binary` package. The most recent binary for tendermint is using 1.14.6, for this
+reason the Tendermint engineering team has opted to conduct a release to aid users in using the correct version of Go. Read more about the security issue [here](https://github.com/golang/go/issues/40618).
+
 ## v0.33.7
 
 *August 4, 2020*
diff --git a/version/version.go b/version/version.go
index f394a2446..2815193e4 100644
--- a/version/version.go
+++ b/version/version.go
@@ -21,7 +21,7 @@ const (
 	// XXX: Don't change the name of this variable or you will break
 	// automation :)
 
-	TMCoreSemVer = "0.33.7"
+	TMCoreSemVer = "0.33.8"
 
 	// ABCISemVer is the semantic version of the ABCI library
 	ABCISemVer  = "0.16.2"