diff --git a/CHANGELOG b/CHANGELOG
index 3a0a30f..6fd7aa0 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -2214,3 +2214,13 @@ Improve replication performance. See (#12080, #12054, #12009) for more details.
 * Update minio to 2024-01-11T07-46-16Z
 * [Changelog](https://github.com/minio/minio/releases/tag/RELEASE.2024-01-11T07-46-16Z)
 
+[3.12.3]
+* Update minio to 2024-01-13T07-53-03Z
+* [Changelog](https://github.com/minio/minio/releases/tag/RELEASE.2024-01-13T07-53-03Z)
+* Verify that remote target bucket is on MinIO server for bucket replication by @taran-p in https://github.com/minio/minio/pull/18656
+* avoid disk monitoring leaks under various conditions by @harshavardhana in https://github.com/minio/minio/pull/18777
+* xl: Remove wrong wording for errCorruptedFormat by @vadmeste in https://github.com/minio/minio/pull/18775
+* Add more size intervals to obj size histogram by @krisis in https://github.com/minio/minio/pull/18772
+* support proxying of tagging requests in replication by @poornas in https://github.com/minio/minio/pull/18649
+* treat all localhost endpoints as local setup with same port by @harshavardhana in https://github.com/minio/minio/pull/18784
+
diff --git a/CloudronManifest.json b/CloudronManifest.json
index 35a66db..b34f8b4 100644
--- a/CloudronManifest.json
+++ b/CloudronManifest.json
@@ -5,8 +5,8 @@
   "description": "file://DESCRIPTION.md",
   "changelog": "file://CHANGELOG",
   "tagline": "Distributed object storage",
-  "version": "3.12.2",
-  "upstreamVersion": "2024-01-11T07-46-16Z",
+  "version": "3.12.3",
+  "upstreamVersion": "2024-01-13T07-53-03Z",
   "healthCheckPath": "/minio/login",
   "memoryLimit": 805306368,
   "httpPort": 8000,