diff --git a/mooncake-transfer-engine/rust/Cargo.lock b/mooncake-transfer-engine/rust/Cargo.lock
index f6b0ea7b..2997895b 100644
--- a/mooncake-transfer-engine/rust/Cargo.lock
+++ b/mooncake-transfer-engine/rust/Cargo.lock
@@ -1,6 +1,6 @@
 # This file is automatically @generated by Cargo.
 # It is not intended for manual editing.
-version = 3
+version = 4
 
 [[package]]
 name = "aho-corasick"
@@ -296,12 +296,11 @@ dependencies = [
 
 [[package]]
 name = "nu-ansi-term"
-version = "0.46.0"
+version = "0.50.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "77a8165726e8236064dbb45459242600304b42a5ea24ee2948e18e023bf7ba84"
+checksum = "d4a28e057d01f97e61255210fcff094d74ed0466038633e95017f5beb68e4399"
 dependencies = [
- "overload",
- "winapi",
+ "windows-sys",
 ]
 
 [[package]]
@@ -310,12 +309,6 @@ version = "1.20.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "1261fe7e33c73b354eab43b1273a57c8f967d0391e80353e51f764ac02cf6775"
 
-[[package]]
-name = "overload"
-version = "0.1.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b15813163c1d831bf4a13c3610c05c0d03b39feb07f7e09fa234dac9b15aaf39"
-
 [[package]]
 name = "pin-project-lite"
 version = "0.2.14"
@@ -467,9 +460,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-core"
-version = "0.1.32"
+version = "0.1.34"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c06d3da6113f116aaee68e4d601191614c9053067f9ab7f6edbcb161237daa54"
+checksum = "b9d12581f227e93f094d3af2ae690a574abb8a2b9b7a96e7cfe9647b2b617678"
 dependencies = [
  "once_cell",
  "valuable",
@@ -488,9 +481,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-subscriber"
-version = "0.3.18"
+version = "0.3.20"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ad0f048c97dbd9faa9b7df56362b8ebcaa52adb06b498c050d2f4e32f90a7a8b"
+checksum = "2054a14f5307d601f88daf0553e1cbf472acc4f2c51afab632431cdcd72124d5"
 dependencies = [
  "nu-ansi-term",
  "sharded-slab",
diff --git a/mooncake-transfer-engine/rust/Cargo.toml b/mooncake-transfer-engine/rust/Cargo.toml
index d6f112ff..e001f291 100644
--- a/mooncake-transfer-engine/rust/Cargo.toml
+++ b/mooncake-transfer-engine/rust/Cargo.toml
@@ -8,7 +8,7 @@ anyhow = "1.0.79"
 libc = "0.2"
 clap = { version = "4.4", features = ["derive"] }
 tracing = "0.1"
-tracing-subscriber = "0.3.0"
+tracing-subscriber = "0.3.20"
 hostname = "0.3"
 dns-lookup = "1.0"