diff --git a/CHANGELOG.md b/CHANGELOG.md
index c1cbc55ba..787d4206c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,10 +7,12 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [5.4.0] - 2023-05-22
+
 -   Remove Starkiller as a submodule, treat it as a normal directory (@Vinnybod)
-    - Everything should 'just work', but if you have issues after pulling these latest changes, try deleting the Starkiller directory before running the server `rm -r empire/server/api/v2/starkiller`. 
+    -   Everything should 'just work', but if you have issues after pulling these latest changes, try deleting the Starkiller directory before running the server `rm -r empire/server/api/v2/starkiller`. 
 -   Some improvements to the release flow after starkiller submodule removal (@Vinnybod)
--   
+
 ## [5.3.0] - 2023-05-17
 
 -   Add the ability to specify a module option as a file (@Vinnybod)
@@ -472,7 +474,9 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 -   Updated shellcoderdi to newest version (@Cx01N)
 -   Added a Nim launcher (@Hubbl3)
 
-[Unreleased]: https://github.com/BC-SECURITY/Empire-Sponsors/compare/v5.3.0...HEAD
+[Unreleased]: https://github.com/BC-SECURITY/Empire-Sponsors/compare/v5.4.0...HEAD
+
+[5.4.0]: https://github.com/BC-SECURITY/Empire-Sponsors/compare/v5.3.0...v5.4.0
 
 [5.3.0]: https://github.com/BC-SECURITY/Empire-Sponsors/compare/v5.2.2...v5.3.0
 
diff --git a/empire/server/common/empire.py b/empire/server/common/empire.py
index 0eefbee32..b5bbeb312 100755
--- a/empire/server/common/empire.py
+++ b/empire/server/common/empire.py
@@ -39,7 +39,7 @@
 
 from . import agents, credentials, listeners, stagers
 
-VERSION = "5.3.0 BC Security Fork"
+VERSION = "5.4.0 BC Security Fork"
 
 log = logging.getLogger(__name__)
 
diff --git a/pyproject.toml b/pyproject.toml
index 7ad6129f5..3503623cb 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "empire-bc-security-fork"
-version = "5.3.0"
+version = "5.4.0"
 description = ""
 authors = ["BC Security <info@bc-security.org>"]
 readme = "README.md"