diff --git a/package/lean/v2ray/Makefile b/package/lean/v2ray/Makefile
index e4c8f56b10..98007d9766 100644
--- a/package/lean/v2ray/Makefile
+++ b/package/lean/v2ray/Makefile
@@ -9,13 +9,13 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=v2ray
-PKG_VERSION:=4.38.0
+PKG_VERSION:=4.38.1
 PKG_RELEASE:=1
 PKG_BUILD_DIR:=$(BUILD_DIR)/v2ray-core-$(PKG_VERSION)
 
 PKG_SOURCE:=v2ray-core-$(PKG_VERSION).tar.gz
 PKG_SOURCE_URL:=https://codeload.github.com/v2fly/v2ray-core/tar.gz/v$(PKG_VERSION)?
-PKG_HASH:=36f718389501e03131d6637cfee5e8f2f1efe123f88bd4143f5c6d0d6007bfba
+PKG_HASH:=44538779d3fb887511b35f93be46d04f4b16e30a1b3121d958145f559e110b7f
 
 PKG_LICENSE:=MIT
 PKG_LICENSE_FILES:=LICENSE