diff --git a/.changelog/unreleased/breaking-changes/260-tendermint-0.27.md b/.changelog/v0.24.0/breaking-changes/260-tendermint-0.27.md
similarity index 100%
rename from .changelog/unreleased/breaking-changes/260-tendermint-0.27.md
rename to .changelog/v0.24.0/breaking-changes/260-tendermint-0.27.md
diff --git a/.changelog/unreleased/improvements/278-ics23-0.9.0.md b/.changelog/v0.24.0/improvements/278-ics23-0.9.0.md
similarity index 100%
rename from .changelog/unreleased/improvements/278-ics23-0.9.0.md
rename to .changelog/v0.24.0/improvements/278-ics23-0.9.0.md
diff --git a/.changelog/v0.24.0/summary.md b/.changelog/v0.24.0/summary.md
new file mode 100644
index 000000000..f3136d1f6
--- /dev/null
+++ b/.changelog/v0.24.0/summary.md
@@ -0,0 +1,9 @@
+<!--
+    Add a summary for the release here.
+
+    If you don't change this message, or if this file is empty, the release
+    will not be created. -->
+
+This release mainly updates the tendermint-rs dependency to v0.27.0 and includes security improvements.
+
+There are no consensus-breaking changes.
diff --git a/CHANGELOG.md b/CHANGELOG.md
index c94f56c65..987602025 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,23 @@
 # CHANGELOG
 
+## v0.24.0
+
+*December 8, 2022*
+
+This release mainly updates the tendermint-rs dependency to v0.27.0 and includes security improvements.
+
+There are no consensus-breaking changes.
+
+### BREAKING CHANGES
+
+- Update to changes in tendermint-rs 0.27
+  ([#260](https://github.com/cosmos/ibc-rs/pulls/260))
+
+### IMPROVEMENTS
+
+- Update `ics23` to v0.9.0, which contains substantial security improvements
+  ([#278](https://github.com/cosmos/ibc-rs/issues/278))
+
 ## v0.23.0
 
 *November 21, 2022*
diff --git a/crates/ibc/Cargo.toml b/crates/ibc/Cargo.toml
index 4fd343cf2..9141b9c65 100644
--- a/crates/ibc/Cargo.toml
+++ b/crates/ibc/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name         = "ibc"
-version      = "0.23.0"
+version      = "0.24.0"
 edition      = "2021"
 license      = "Apache-2.0"
 readme       = "README.md"
diff --git a/crates/ibc/src/lib.rs b/crates/ibc/src/lib.rs
index 8c186b8b6..1628021a1 100644
--- a/crates/ibc/src/lib.rs
+++ b/crates/ibc/src/lib.rs
@@ -13,7 +13,7 @@
     rust_2018_idioms
 )]
 #![forbid(unsafe_code)]
-#![doc(html_root_url = "https://docs.rs/ibc/0.23.0")]
+#![doc(html_root_url = "https://docs.rs/ibc/0.24.0")]
 
 //! This library implements the InterBlockchain Communication (IBC) protocol in Rust. IBC is
 //! a distributed protocol that enables communication between distinct sovereign blockchains.