diff --git a/CHANGELOG.md b/CHANGELOG.md
index cbd771859..c2ae7c76a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,22 @@
+2022-12-12 v22.11.1
+===================
+
+Nimbus `v22.11.1` is a `high-urgency` hotfix for all users who are
+running validators backed by remote keystores and web3signer.
+This update addresses a compatibility issue that may result in
+missed block proposals. If you are not using a remote signer,
+you can safely skip this release.
+
+### Fixes
+
+* Incompatible encoding used in the web3signer block signing requests
+  after the merge:
+  https://github.com/status-im/nimbus-eth2/pull/4407
+
+* Ignored `graffiti` option of the validator client:
+  https://github.com/status-im/nimbus-eth2/pull/4417
+
+
 2022-11-30 v22.11.0
 ===================
 
diff --git a/beacon_chain/version.nim b/beacon_chain/version.nim
index 54038c08b..271eeb474 100644
--- a/beacon_chain/version.nim
+++ b/beacon_chain/version.nim
@@ -21,7 +21,7 @@ when not defined(nimscript):
 const
   versionMajor* = 22
   versionMinor* = 11
-  versionBuild* = 0
+  versionBuild* = 1
 
   versionBlob* = "stateofus" # Single word - ends up in the default graffiti