diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1bedb4a96a97..658d9f42f822 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,25 @@
 # Changelog
 
+## [1.11.1] (2024-01-11)
+
+[1.11.1]: https://github.com/crystal-lang/crystal/releases/1.11.1
+
+### Bugfixes
+
+#### stdlib
+
+- *(crypto)* Revert "Fix OpenSSL error handling for EOF (support for OpenSSL 3.2) (#14169)" ([#14217](https://github.com/crystal-lang/crystal/pull/14217), thanks @straight-shoota)
+
+#### compiler
+
+- *(interpreter)* Remove pkg-config name for libgc as workaround for interpreter loader ([#14198](https://github.com/crystal-lang/crystal/pull/14198), thanks @straight-shoota)
+- *(semantic)* Revert "Add `ReferenceStorage` for manual allocation of references (#14106)" ([#14207](https://github.com/crystal-lang/crystal/pull/14207), thanks @straight-shoota)
+
+### Infrastructure
+
+- Changelog for 1.11.1 ([#14208](https://github.com/crystal-lang/crystal/pull/14208), thanks @straight-shoota)
+- Bump VERSION to 1.11.1-dev ([#14197](https://github.com/crystal-lang/crystal/pull/14197), thanks @straight-shoota)
+
 ## [1.11.0] (2024-01-08)
 
 [1.11.0]: https://github.com/crystal-lang/crystal/releases/1.11.0
diff --git a/src/VERSION b/src/VERSION
index 095b66727677..720c7384c619 100644
--- a/src/VERSION
+++ b/src/VERSION
@@ -1 +1 @@
-1.11.1-dev
+1.11.1