diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7b60792..4cf62ae 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,10 @@
 # Changelog
 All changes to the project will be documented in this file.
 
+## 4.38.3 - 30 Oct 2022
+- Fix several issues around multiple assignees in issues and pull requests
+- Fix IllegalStateException when returning unknown avatar image
+
 ## 4.38.2 - 20 Sep 2022
 - Resurrect assignee icons on the issue list
 
diff --git a/README.md b/README.md
index fcaf602..5db3c58 100644
--- a/README.md
+++ b/README.md
@@ -61,6 +61,10 @@
 
 What's New in 4.38.x
 -------------
+## 4.38.3 - 30 Oct 2022
+- Fix several issues around multiple assignees in issues and pull requests
+- Fix IllegalStateException when returning unknown avatar image
+
 ## 4.38.2 - 20 Sep 2022
 - Resurrect assignee icons on the issue list
 
diff --git a/build.sbt b/build.sbt
index 1678d78..ed79830 100644
--- a/build.sbt
+++ b/build.sbt
@@ -3,7 +3,7 @@
 
 val Organization = "io.github.gitbucket"
 val Name = "gitbucket"
-val GitBucketVersion = "4.38.2"
+val GitBucketVersion = "4.38.3"
 val ScalatraVersion = "2.8.4"
 val JettyVersion = "9.4.49.v20220914"
 val JgitVersion = "5.13.1.202206130422-r"
diff --git a/src/main/scala/gitbucket/core/GitBucketCoreModule.scala b/src/main/scala/gitbucket/core/GitBucketCoreModule.scala
index b118004..ca6f5e6 100644
--- a/src/main/scala/gitbucket/core/GitBucketCoreModule.scala
+++ b/src/main/scala/gitbucket/core/GitBucketCoreModule.scala
@@ -113,5 +113,6 @@
       new Version("4.37.2"),
       new Version("4.38.0", new LiquibaseMigration("update/gitbucket-core_4.38.xml")),
       new Version("4.38.1"),
-      new Version("4.38.2")
+      new Version("4.38.2"),
+      new Version("4.38.3")
     )