diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 3cf9d948b0..2394159d95 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -13,6 +13,7 @@ Fixed
 
 Changed
 ~~~~~~~
+* Downgrade `bcrypt` version from 4.1.2 to 4.0.1 as a workaround to fix known issue with 4.1.2. #6210 (by @sravs-dev)
 * Bumped `jsonschema` 2.6.0 -> 3.2.0 now that python3.6 is not supported. #6118
 * Bumped many deps based on the lockfile generated by pants+pex. #6181 (by @cognifloyd and @nzlosh)
 * Switch to python3's standard lib unittest from unittest2, a backport of python3 unittest features for python2. #6187 (by @nzlosh)
diff --git a/fixed-requirements.txt b/fixed-requirements.txt
index 9d48952b8d..57f53758e6 100644
--- a/fixed-requirements.txt
+++ b/fixed-requirements.txt
@@ -35,7 +35,6 @@ oslo.config==9.4.0
 oslo.utils==7.1.0
 # paramiko 2.11.0 is needed by cryptography > 37.0.0
 paramiko==3.4.0
-passlib==1.7.4
 # 202403: bump to 3.0.43 for py3.10 support
 prompt-toolkit==3.0.43
 pyinotify==0.9.6 ; platform_system=="Linux"
@@ -75,7 +74,8 @@ virtualenv==20.26.1
 webob==1.8.7
 zake==0.2.2
 # test requirements below
-bcrypt==4.1.2
+bcrypt==4.0.1
+passlib[bcrypt]
 jinja2==3.1.3
 mock==5.1.0
 nose-timer==1.0.1
diff --git a/requirements.txt b/requirements.txt
index 4bb3e9088f..771b745e4b 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -10,7 +10,7 @@ RandomWords
 amqp==5.2.0
 apscheduler==3.10.4
 argcomplete==3.3.0
-bcrypt==4.1.2
+bcrypt==4.0.1
 cffi==1.16.0
 chardet==3.0.4
 ciso8601
@@ -42,7 +42,7 @@ orquesta@ git+https://github.com/StackStorm/orquesta.git@v1.6.0
 oslo.config==9.4.0
 oslo.utils==7.1.0
 paramiko==3.4.0
-passlib==1.7.4
+passlib[bcrypt]
 prettytable==3.10.0
 prompt-toolkit==3.0.43
 psutil==5.9.8
diff --git a/st2auth/requirements.txt b/st2auth/requirements.txt
index c8aee2a8c4..23e7f00449 100644
--- a/st2auth/requirements.txt
+++ b/st2auth/requirements.txt
@@ -5,11 +5,11 @@
 # If you want to update depdencies for a single component, modify the
 # in-requirements.txt for that component and then run 'make requirements' to
 # update the component requirements.txt
-bcrypt==4.1.2
+bcrypt==4.0.1
 eventlet==0.36.1
 gunicorn==22.0.0
 oslo.config==9.4.0
-passlib==1.7.4
+passlib[bcrypt]
 pymongo==3.12.3
 six==1.16.0
 st2-auth-backend-flat-file@ git+https://github.com/StackStorm/st2-auth-backend-flat-file.git@master