diff --git a/contrib/src/cargo/SHA512SUMS b/contrib/src/cargo/SHA512SUMS
index 6101c68ba6c8..2c2449013b17 100644
--- a/contrib/src/cargo/SHA512SUMS
+++ b/contrib/src/cargo/SHA512SUMS
@@ -1 +1 @@
-14a978a3cf699956722d8443070b9f8a043f1252cc1a7ed300b14637a0e6d654f34088d4403790c676500cbab327e30fdb7f81be0b9bde29e552143f26912ac7  rustup-1.22.1.tar.gz
+43e85f1e653d451a2555a7ae9a3f47c4b9eb8e0fea0cd9cdcf381728ac933b56aaa25366ca2e1b12f20f9190b77d407a00a3f559ced6ad9c4f51fcef9efe67d7  rustup-1.24.3.tar.gz
diff --git a/contrib/src/cargo/rules.mak b/contrib/src/cargo/rules.mak
index 4104f921e113..f3088c2bd67f 100644
--- a/contrib/src/cargo/rules.mak
+++ b/contrib/src/cargo/rules.mak
@@ -2,7 +2,7 @@
 
 RUST_VERSION=1.59.0
 CARGOC_VERSION=0.9.7
-RUSTUP_VERSION=1.22.1
+RUSTUP_VERSION=1.24.3
 RUSTUP_URL=https://github.com/rust-lang/rustup/archive/$(RUSTUP_VERSION).tar.gz
 
 RUSTUP = . $(CARGO_HOME)/env && \