diff --git a/v2ray-core/Makefile b/v2ray-core/Makefile
index a592d22b..2dcd9f81 100644
--- a/v2ray-core/Makefile
+++ b/v2ray-core/Makefile
@@ -5,12 +5,12 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=v2ray-core
-PKG_VERSION:=5.31.0
+PKG_VERSION:=5.32.0
 PKG_RELEASE:=1
 
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION).tar.gz
 PKG_SOURCE_URL:=https://codeload.github.com/v2fly/v2ray-core/tar.gz/v$(PKG_VERSION)?
-PKG_HASH:=20895d4200d3b7906a3fba90690cc2e27239989acc9c31601f40f2f71827e2e5
+PKG_HASH:=537ee888deeaf2738e2124dfd12d74e1e62d7a7e8867fd90ac58e138e474da44
 
 PKG_LICENSE:=MIT
 PKG_LICENSE_FILES:=LICENSE