diff --git a/ios/Podfile.lock b/ios/Podfile.lock
index 51b9f6af0e21..ba53d939e46c 100644
--- a/ios/Podfile.lock
+++ b/ios/Podfile.lock
@@ -783,7 +783,7 @@ PODS:
     - React-Core
   - RNReactNativeHapticFeedback (1.14.0):
     - React-Core
-  - RNReanimated (3.4.0):
+  - RNReanimated (3.5.4):
     - DoubleConversion
     - FBLazyVector
     - glog
@@ -1298,7 +1298,7 @@ SPEC CHECKSUMS:
   rnmapbox-maps: 6f638ec002aa6e906a6f766d69cd45f968d98e64
   RNPermissions: dcdb7b99796bbeda6975a6e79ad519c41b251b1c
   RNReactNativeHapticFeedback: 1e3efeca9628ff9876ee7cdd9edec1b336913f8c
-  RNReanimated: 020859659f64be2d30849a1fe88c821a7c3e0cbf
+  RNReanimated: ab2e96c6d5591c3dfbb38a464f54c8d17fb34a87
   RNScreens: d037903436160a4b039d32606668350d2a808806
   RNSVG: ed492aaf3af9ca01bc945f7a149d76d62e73ec82
   SDWebImage: a7f831e1a65eb5e285e3fb046a23fcfbf08e696d
diff --git a/package-lock.json b/package-lock.json
index ff0500eb385b..48f7628a73e1 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -99,7 +99,7 @@
         "react-native-plaid-link-sdk": "^10.0.0",
         "react-native-qrcode-svg": "^6.2.0",
         "react-native-quick-sqlite": "^8.0.0-beta.2",
-        "react-native-reanimated": "3.4.0",
+        "react-native-reanimated": "3.5.4",
         "react-native-render-html": "6.3.1",
         "react-native-safe-area-context": "4.4.1",
         "react-native-screens": "3.21.0",
@@ -1777,10 +1777,11 @@
       }
     },
     "node_modules/@babel/plugin-transform-object-assign": {
-      "version": "7.18.6",
-      "license": "MIT",
+      "version": "7.22.5",
+      "resolved": "https://registry.npmjs.org/@babel/plugin-transform-object-assign/-/plugin-transform-object-assign-7.22.5.tgz",
+      "integrity": "sha512-iDhx9ARkXq4vhZ2CYOSnQXkmxkDgosLi3J8Z17mKz7LyzthtkdVchLD7WZ3aXeCuvJDOW3+1I5TpJmwIbF9MKQ==",
       "dependencies": {
-        "@babel/helper-plugin-utils": "^7.18.6"
+        "@babel/helper-plugin-utils": "^7.22.5"
       },
       "engines": {
         "node": ">=6.9.0"
@@ -41334,9 +41335,9 @@
       }
     },
     "node_modules/react-native-reanimated": {
-      "version": "3.4.0",
-      "resolved": "https://registry.npmjs.org/react-native-reanimated/-/react-native-reanimated-3.4.0.tgz",
-      "integrity": "sha512-B5cZJseoIkYlZTRBRN0xuU1NBxUza/6GSHhiEBQfbOufWVlUMMcWUecIRVglW49l8d2wXbfCdQlNyVoFqmHkaQ==",
+      "version": "3.5.4",
+      "resolved": "https://registry.npmjs.org/react-native-reanimated/-/react-native-reanimated-3.5.4.tgz",
+      "integrity": "sha512-8we9LLDO1o4Oj9/DICeEJ2K1tjfqkJagqQUglxeUAkol/HcEJ6PGxIrpBcNryLqCDYEcu6FZWld/FzizBIw6bg==",
       "dependencies": {
         "@babel/plugin-transform-object-assign": "^7.16.7",
         "@babel/preset-typescript": "^7.16.7",
@@ -41356,7 +41357,8 @@
     },
     "node_modules/react-native-reanimated/node_modules/convert-source-map": {
       "version": "2.0.0",
-      "license": "MIT"
+      "resolved": "https://registry.npmjs.org/convert-source-map/-/convert-source-map-2.0.0.tgz",
+      "integrity": "sha512-Kvp459HrV2FEJ1CAsi1Ku+MY3kasH19TFykTz2xWmMeq6bk2NU3XXvfJ+Q61m0xktWwt+1HSYf3JZsTms3aRJg=="
     },
     "node_modules/react-native-render-html": {
       "version": "6.3.1",
@@ -49776,9 +49778,11 @@
       }
     },
     "@babel/plugin-transform-object-assign": {
-      "version": "7.18.6",
+      "version": "7.22.5",
+      "resolved": "https://registry.npmjs.org/@babel/plugin-transform-object-assign/-/plugin-transform-object-assign-7.22.5.tgz",
+      "integrity": "sha512-iDhx9ARkXq4vhZ2CYOSnQXkmxkDgosLi3J8Z17mKz7LyzthtkdVchLD7WZ3aXeCuvJDOW3+1I5TpJmwIbF9MKQ==",
       "requires": {
-        "@babel/helper-plugin-utils": "^7.18.6"
+        "@babel/helper-plugin-utils": "^7.22.5"
       }
     },
     "@babel/plugin-transform-object-rest-spread": {
@@ -77328,9 +77332,9 @@
       "requires": {}
     },
     "react-native-reanimated": {
-      "version": "3.4.0",
-      "resolved": "https://registry.npmjs.org/react-native-reanimated/-/react-native-reanimated-3.4.0.tgz",
-      "integrity": "sha512-B5cZJseoIkYlZTRBRN0xuU1NBxUza/6GSHhiEBQfbOufWVlUMMcWUecIRVglW49l8d2wXbfCdQlNyVoFqmHkaQ==",
+      "version": "3.5.4",
+      "resolved": "https://registry.npmjs.org/react-native-reanimated/-/react-native-reanimated-3.5.4.tgz",
+      "integrity": "sha512-8we9LLDO1o4Oj9/DICeEJ2K1tjfqkJagqQUglxeUAkol/HcEJ6PGxIrpBcNryLqCDYEcu6FZWld/FzizBIw6bg==",
       "requires": {
         "@babel/plugin-transform-object-assign": "^7.16.7",
         "@babel/preset-typescript": "^7.16.7",
@@ -77339,7 +77343,9 @@
       },
       "dependencies": {
         "convert-source-map": {
-          "version": "2.0.0"
+          "version": "2.0.0",
+          "resolved": "https://registry.npmjs.org/convert-source-map/-/convert-source-map-2.0.0.tgz",
+          "integrity": "sha512-Kvp459HrV2FEJ1CAsi1Ku+MY3kasH19TFykTz2xWmMeq6bk2NU3XXvfJ+Q61m0xktWwt+1HSYf3JZsTms3aRJg=="
         }
       }
     },
diff --git a/package.json b/package.json
index 44b936c8c588..8bc06745f115 100644
--- a/package.json
+++ b/package.json
@@ -61,9 +61,9 @@
     "@formatjs/intl-pluralrules": "^5.2.2",
     "@gorhom/portal": "^1.0.14",
     "@invertase/react-native-apple-authentication": "^2.2.2",
-    "@oguzhnatly/react-native-image-manipulator": "github:Expensify/react-native-image-manipulator#5cdae3d4455b03a04c57f50be3863e2fe6c92c52",
     "@kie/act-js": "^2.0.1",
     "@kie/mock-github": "^1.0.0",
+    "@oguzhnatly/react-native-image-manipulator": "github:Expensify/react-native-image-manipulator#5cdae3d4455b03a04c57f50be3863e2fe6c92c52",
     "@onfido/react-native-sdk": "7.4.0",
     "@react-native-async-storage/async-storage": "^1.17.10",
     "@react-native-camera-roll/camera-roll": "5.4.0",
@@ -81,9 +81,9 @@
     "@react-navigation/stack": "6.3.16",
     "@react-ng/bounds-observer": "^0.2.1",
     "@rnmapbox/maps": "^10.0.11",
+    "@types/node": "^18.14.0",
     "@ua/react-native-airship": "^15.2.6",
     "awesome-phonenumber": "^5.4.0",
-    "@types/node": "^18.14.0",
     "babel-plugin-transform-remove-console": "^6.9.4",
     "babel-polyfill": "^6.26.0",
     "canvas-size": "^1.2.6",
@@ -141,7 +141,7 @@
     "react-native-plaid-link-sdk": "^10.0.0",
     "react-native-qrcode-svg": "^6.2.0",
     "react-native-quick-sqlite": "^8.0.0-beta.2",
-    "react-native-reanimated": "3.4.0",
+    "react-native-reanimated": "3.5.4",
     "react-native-render-html": "6.3.1",
     "react-native-safe-area-context": "4.4.1",
     "react-native-screens": "3.21.0",