diff --git a/CHANGELOG.md b/CHANGELOG.md
index 48ed63855..c680928e2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,11 +2,21 @@
 
 ## v0.32.5
 
-### Security
+*September 30, 2019*
 
-- [p2p] [TODO](hxxp://githublink) Fix for panic on nil public key send to a peer
+This release fixes a major security vulnerability found in the `p2p` package.
+All clients are recommended to upgrade. See [TODO](hxxp://githublink) for
+details.
+
+Special thanks to [fudongbai](https://hackerone.com/fudongbai) for discovering
+and reporting this issue.
+
+Friendly reminder, we have a [bug bounty
+program](https://hackerone.com/tendermint).
 
+### SECURITY:
 
+- [p2p] [TODO](hxxp://githublink) Fix for panic on nil public key send to a peer
 
 ## v0.32.4
 
@@ -30,9 +40,9 @@ program](https://hackerone.com/tendermint).
 - [deps] [\#3951](https://github.com/tendermint/tendermint/pull/3951) bump github.com/stretchr/testify from 1.3.0 to 1.4.0
 - [deps] [\#3945](https://github.com/tendermint/tendermint/pull/3945) bump github.com/gorilla/websocket from 1.2.0 to 1.4.1
 - [deps] [\#3948](https://github.com/tendermint/tendermint/pull/3948) bump github.com/libp2p/go-buffer-pool from 0.0.1 to 0.0.2
-- [deps] [\#3943](https://github.com/tendermint/tendermint/pull/3943) bump github.com/fortytw2/leaktest from 1.2.0 to 1.3.0 
-- [deps] [\#3939](https://github.com/tendermint/tendermint/pull/3939) bump github.com/rs/cors from 1.6.0 to 1.7.0 
-- [deps] [\#3937](https://github.com/tendermint/tendermint/pull/3937) bump github.com/magiconair/properties from 1.8.0 to 1.8.1 
+- [deps] [\#3943](https://github.com/tendermint/tendermint/pull/3943) bump github.com/fortytw2/leaktest from 1.2.0 to 1.3.0
+- [deps] [\#3939](https://github.com/tendermint/tendermint/pull/3939) bump github.com/rs/cors from 1.6.0 to 1.7.0
+- [deps] [\#3937](https://github.com/tendermint/tendermint/pull/3937) bump github.com/magiconair/properties from 1.8.0 to 1.8.1
 - [deps] [\#3947](https://github.com/tendermint/tendermint/pull/3947) update gogo/protobuf version from v1.2.1 to v1.3.0
 - [deps] [\#4001](https://github.com/tendermint/tendermint/pull/4001) bump github.com/tendermint/tm-db from 0.1.1 to 0.2.0
 
diff --git a/CHANGELOG_PENDING.md b/CHANGELOG_PENDING.md
index 043c66c7e..578c0bc1a 100644
--- a/CHANGELOG_PENDING.md
+++ b/CHANGELOG_PENDING.md
@@ -1,4 +1,4 @@
-## v0.32.5
+## v0.32.6
 
 \*\*