diff --git a/CHANGELOG.md b/CHANGELOG.md
index e0ed063bca..9ad31adb84 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,9 @@
+Changes in [1.8.1](https://github.com/vector-im/element-desktop/releases/tag/v1.8.1) (2021-08-17)
+=================================================================================================
+
+## 🐛 Bug Fixes
+ * Fix multiple VoIP regressions ([matrix-org/matrix-js-sdk#1860](https://github.com/matrix-org/matrix-js-sdk/pull/1860)).
+
 Changes in [1.8.0](https://github.com/vector-im/element-desktop/releases/tag/v1.8.0) (2021-08-16)
 =================================================================================================
 
diff --git a/package.json b/package.json
index b428a8f544..2b9ab04316 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "element-web",
-  "version": "1.8.0",
+  "version": "1.8.1",
   "description": "A feature-rich client for Matrix.org",
   "author": "New Vector Ltd.",
   "repository": {
@@ -61,8 +61,8 @@
     "highlight.js": "^10.5.0",
     "jsrsasign": "^10.2.0",
     "katex": "^0.12.0",
-    "matrix-js-sdk": "12.3.0",
-    "matrix-react-sdk": "3.28.0",
+    "matrix-js-sdk": "12.3.1",
+    "matrix-react-sdk": "3.28.1",
     "matrix-widget-api": "^0.1.0-beta.15",
     "prop-types": "^15.7.2",
     "react": "^17.0.2",
diff --git a/yarn.lock b/yarn.lock
index 4fb8293022..69992ad89d 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -7614,10 +7614,10 @@ mathml-tag-names@^2.1.3:
   resolved "https://registry.yarnpkg.com/mathml-tag-names/-/mathml-tag-names-2.1.3.tgz#4ddadd67308e780cf16a47685878ee27b736a0a3"
   integrity sha512-APMBEanjybaPzUrfqU0IMU5I0AswKMH7k8OTLs0vvV4KZpExkTkY87nR/zpbuTPj+gARop7aGUbl11pnDfW6xg==
 
-matrix-js-sdk@12.3.0:
-  version "12.3.0"
-  resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-12.3.0.tgz#b4de14e9c26257e3137eb020b6b13678b01e37d7"
-  integrity sha512-ywdlpVnwTiddLCvh/sKaZ0/0CVTqqbKPsfpsKduH9GWzwXA/Jrkwt//ryU8l9MjJTrjLnwxTYgnjZgeEp4h5kQ==
+matrix-js-sdk@12.3.1:
+  version "12.3.1"
+  resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-12.3.1.tgz#efa9172e96722afb03cb0e866b047022a7c6cb17"
+  integrity sha512-ysF6FQIjz8NaQHpXRs0VD1uh5kNi4tZh7NNPq54nS9YoDC7F681n2srFhoQn4M/Bv5tBLWWGNjKufXTLHp5j5g==
   dependencies:
     "@babel/runtime" "^7.12.5"
     another-json "^0.2.0"
@@ -7638,10 +7638,10 @@ matrix-mock-request@^1.2.3:
     bluebird "^3.5.0"
     expect "^1.20.2"
 
-matrix-react-sdk@3.28.0:
-  version "3.28.0"
-  resolved "https://registry.yarnpkg.com/matrix-react-sdk/-/matrix-react-sdk-3.28.0.tgz#c3cda39a5f25843f1c342979fdd89584a3fd00f4"
-  integrity sha512-GGwotGvpwPe3MKESeTEgqQr7sJAXJCrex0B+g1JieSc/vNyecwZSgKzMQ7HvgOPSsSQuMK9/vL34180d5md0xA==
+matrix-react-sdk@3.28.1:
+  version "3.28.1"
+  resolved "https://registry.yarnpkg.com/matrix-react-sdk/-/matrix-react-sdk-3.28.1.tgz#9f7c10949df2e30d65b3e765ef427bafee86c092"
+  integrity sha512-QHdYCPx9tme2u6H3RA/4JwS1e768xSLwoWzzET0Ntkh4XonaxSmSUF26nKQKsEjH9LZYN+2KKUkFKvVK5S4gPA==
   dependencies:
     "@babel/runtime" "^7.12.5"
     await-lock "^2.1.0"
@@ -7669,7 +7669,7 @@ matrix-react-sdk@3.28.0:
     katex "^0.12.0"
     linkifyjs "^2.1.9"
     lodash "^4.17.20"
-    matrix-js-sdk "12.3.0"
+    matrix-js-sdk "12.3.1"
     matrix-widget-api "^0.1.0-beta.15"
     minimist "^1.2.5"
     opus-recorder "^8.0.3"