diff --git a/_service b/_service
index f761359..f8408b6 100644
--- a/_service
+++ b/_service
@@ -4,7 +4,7 @@
     <param name="versionformat">@PARENT_TAG@</param>
     <param name="url">https://github.com/matrix-org/synapse.git</param>
     <param name="scm">git</param>
-    <param name="revision">v1.70.0</param>
+    <param name="revision">v1.70.1</param>
     <param name="versionrewrite-pattern">v(.*)</param>
     <param name="versionrewrite-replacement">\1</param>
     <!--
diff --git a/matrix-synapse-1.70.0.obscpio b/matrix-synapse-1.70.0.obscpio
deleted file mode 100644
index 5bccf65..0000000
--- a/matrix-synapse-1.70.0.obscpio
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:806b5412ab7b107f359a4d61078951042e6f9c8c43e163aee600c2e953c8222d
-size 33914381
diff --git a/matrix-synapse-1.70.1.obscpio b/matrix-synapse-1.70.1.obscpio
new file mode 100644
index 0000000..b9df78d
--- /dev/null
+++ b/matrix-synapse-1.70.1.obscpio
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:a3d64d868c230351f55894e95a5de55c1d0f51dff7edf551e168d56233b3cbf6
+size 33917453
diff --git a/matrix-synapse-test.spec b/matrix-synapse-test.spec
index 78621db..e032ba4 100644
--- a/matrix-synapse-test.spec
+++ b/matrix-synapse-test.spec
@@ -27,7 +27,7 @@
 
 %define         pkgname matrix-synapse
 Name:           %{pkgname}-test
-Version:        1.70.0
+Version:        1.70.1
 Release:        0
 Summary:        Test package for %{pkgname}
 License:        Apache-2.0
diff --git a/matrix-synapse.changes b/matrix-synapse.changes
index 559b7b8..01253c2 100644
--- a/matrix-synapse.changes
+++ b/matrix-synapse.changes
@@ -1,3 +1,15 @@
+-------------------------------------------------------------------
+Fri Oct 28 14:48:00 UTC 2022 - Marcus Rueckert <mrueckert@suse.de>
+
+- Update to 1.70.1
+  - Bugfixes
+    - Fix a bug introduced in Synapse 1.70.0rc1 where the access
+      tokens sent to application services as headers were
+      malformed. Application services which were obtaining access
+      tokens from query parameters were not affected. (#14301)
+    - Fix room creation being rate limited too aggressively since
+      Synapse v1.69.0. (#14314)
+
 -------------------------------------------------------------------
 Wed Oct 26 11:56:57 UTC 2022 - Marcus Rueckert <mrueckert@suse.de>
 
diff --git a/matrix-synapse.obsinfo b/matrix-synapse.obsinfo
index cd34912..3d209c5 100644
--- a/matrix-synapse.obsinfo
+++ b/matrix-synapse.obsinfo
@@ -1,4 +1,4 @@
 name: matrix-synapse
-version: 1.70.0
-mtime: 1666779209
-commit: 23fa636ed70b340e642efbe0c71e1addf4299479
+version: 1.70.1
+mtime: 1666956400
+commit: e0d9013adfaa6f541974c5a78043e4f49e46aa18
diff --git a/matrix-synapse.spec b/matrix-synapse.spec
index b626fd0..d2d9f68 100644
--- a/matrix-synapse.spec
+++ b/matrix-synapse.spec
@@ -153,7 +153,7 @@
 %define         pkgname matrix-synapse
 %define         eggname matrix_synapse
 Name:           %{pkgname}
-Version:        1.70.0
+Version:        1.70.1
 Release:        0
 Summary:        Matrix protocol reference homeserver
 License:        Apache-2.0
diff --git a/vendor.tar.xz b/vendor.tar.xz
index 5c1289d..1e17163 100644
--- a/vendor.tar.xz
+++ b/vendor.tar.xz
@@ -1,3 +1,3 @@
 version https://git-lfs.github.com/spec/v1
-oid sha256:d926a782b31c2ba8e7d63ebd612aa0c63f59bf9d25cd6e439ec920d694e9cb36
-size 7035932
+oid sha256:274464af2888ef66b78f4d57845e0dfcb0b7e340ec7ddc10c5a9a30aadbfaf71
+size 7035964