diff --git a/CHANGELOG.md b/CHANGELOG.md
index 55a0cc9..6992a72 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -12,6 +12,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 * Updated [`tokio`](https://github.com/tokio-rs/tokio) from 1.27.0 to 1.28.0 ([#605])
 * Updated [`tracing`](https://github.com/tokio-rs/tracing) from 0.1.37 to 0.1.38 ([#607])
 * Updated [`vergen`](https://github.com/rustyhorde/vergen) from 8.1.1 to 8.1.3 ([#608])
+* Downgrade yanked [`tracing`](https://github.com/tokio-rs/tracing) 0.1.38 to 0.1.37 ([#611])
 
 [#599]: https://github.com/vbrandl/hoc/pull/599
 [#602]: https://github.com/vbrandl/hoc/pull/602
@@ -20,6 +21,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 [#605]: https://github.com/vbrandl/hoc/pull/605
 [#607]: https://github.com/vbrandl/hoc/pull/607
 [#608]: https://github.com/vbrandl/hoc/pull/608
+[#611]: https://github.com/vbrandl/hoc/pull/611
 
 [SEC#11]: https://github.com/vbrandl/hoc/security/dependabot/11
 
diff --git a/Cargo.lock b/Cargo.lock
index 3d74677..dfe1399 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2652,10 +2652,11 @@ checksum = "b6bc1c9ce2b5135ac7f93c72918fc37feb872bdc6a5533a8b85eb4b86bfdae52"
 
 [[package]]
 name = "tracing"
-version = "0.1.38"
+version = "0.1.37"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "cf9cf6a813d3f40c88b0b6b6f29a5c95c6cdbf97c1f9cc53fb820200f5ad814d"
+checksum = "8ce8c33a8d48bd45d624a6e523445fd21ec13d3653cd51f681abf67418f54eb8"
 dependencies = [
+ "cfg-if",
  "log",
  "pin-project-lite",
  "tracing-attributes",
@@ -2676,13 +2677,13 @@ dependencies = [
 
 [[package]]
 name = "tracing-attributes"
-version = "0.1.24"
+version = "0.1.23"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0f57e3ca2a01450b1a921183a9c9cbfda207fd822cef4ccb00a65402cbba7a74"
+checksum = "4017f8f45139870ca7e672686113917c71c7a6e02d4924eda67186083c03081a"
 dependencies = [
  "proc-macro2",
  "quote",
- "syn 2.0.14",
+ "syn 1.0.109",
 ]
 
 [[package]]
diff --git a/Cargo.toml b/Cargo.toml
index 751d9c5..c851efd 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -29,7 +29,7 @@ reqwest = "0.11.16"
 serde = "1.0.158"
 serde_derive = "1.0.137"
 serde_json = "1.0.94"
-tracing = "0.1.38"
+tracing = "0.1.37"
 tracing-actix-web = "0.7.3"
 tracing-bunyan-formatter = "0.3.6"
 tracing-futures = "0.2.5"