diff --git a/CHANGELOG.md b/CHANGELOG.md
index ab947165..dce91743 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,48 @@
 # RELEASES
 
+## LinkKit V11.8.1 — 2024-04-22
+
+### React Native
+
+#### Requirements
+
+This SDK now works with any supported version of React Native.
+
+#### Changes
+
+- Add submit OTP event name
+- Add continue_to_third_party exit status
+- Resolve issue [653](https://github.com/plaid/react-native-plaid-link-sdk/issues/653) where the `HANDOFF` event is not properly emitted on iOS.
+
+### Android
+
+Android SDK [4.3.1](https://github.com/plaid/plaid-link-android/releases/tag/v4.3.1)
+
+#### Changes
+- Change WebView background to a transparent gradient.
+
+#### Requirements
+
+| Name | Version |
+|------|---------|
+| Android Studio | 4.0+ |
+| Kotlin | 1.8+ |
+
+### iOS
+
+iOS SDK [5.4.2](https://github.com/plaid/plaid-link-ios/releases/tag/5.4.2)
+
+#### Changes
+
+- Make Link background a transparent gradient.
+
+#### Requirements
+
+| Name | Version |
+|------|---------|
+| Xcode | >= 15.0.1 |
+| iOS | >= 14.0 |
+
 ## LinkKit V11.8.0 — 2024-04-16
 
 ### React Native
diff --git a/README.md b/README.md
index 96ef2eff..1d83822f 100644
--- a/README.md
+++ b/README.md
@@ -179,6 +179,7 @@ While these older versions are expected to continue to work without disruption,
 
 | Plaid SDK Version | Min React Native Version | Android SDK | Android Min Version | Android Compile Version| iOS SDK | iOS Min Version | Status                        |
 |-------------------|--------------------------|-------------|---------------------|------------------------|---------|-----------------|-------------------------------|
+| 11.8.1            | *                        | [4.3.1+]    | 21                  | 34                     | >=5.4.2 |  14.0           | Active, supports Xcode 15.0.1 |
 | 11.8.0            | *                        | [4.3.1+]    | 21                  | 34                     | >=5.4.2 |  14.0           | Active, supports Xcode 15.0.1 |
 | 11.7.1            | *                        | [4.3.0+]    | 21                  | 34                     | >=5.4.1 |  14.0           | Active, supports Xcode 15.0.1 |
 | 11.7.0            | *                        | [4.3.0+]    | 21                  | 34                     | >=5.4.0 |  14.0           | Active, supports Xcode 15.0.1 |
diff --git a/android/src/main/AndroidManifest.xml b/android/src/main/AndroidManifest.xml
index 37bdb983..92954623 100644
--- a/android/src/main/AndroidManifest.xml
+++ b/android/src/main/AndroidManifest.xml
@@ -4,7 +4,7 @@
   <application>
     <meta-data
       android:name="com.plaid.link.react_native"
-      android:value="11.8.0" />
+      android:value="11.8.1" />
   </application>
 
 </manifest>
diff --git a/ios/RNLinksdk.m b/ios/RNLinksdk.m
index cd5216cf..24dc7269 100644
--- a/ios/RNLinksdk.m
+++ b/ios/RNLinksdk.m
@@ -27,7 +27,7 @@ @implementation RNLinksdk
 RCT_EXPORT_MODULE();
 
 + (NSString*)sdkVersion {
-    return @"11.8.0"; // SDK_VERSION
+    return @"11.8.1"; // SDK_VERSION
 }
 
 + (NSString*)objCBridgeVersion {
@@ -99,6 +99,15 @@ - (void)stopObserving {
             NSDictionary *eventDictionary = [RNLinksdk dictionaryFromEvent:event];
             [strongSelf sendEventWithName:kRNLinkKitOnEventEvent
                                      body:eventDictionary];
+
+            // If this is the HANDOFF event.
+            if (event.eventName.value == PLKEventNameValueHandoff) {
+                // If we have dismissed Link.
+                if (strongSelf.presentingViewController == nil) {
+                    // Deallocate the handler it's no longer needed.
+                    self.linkHandler = nil;
+                }
+            }
         }
     };
 
@@ -168,7 +177,6 @@ - (void)stopObserving {
     [self.presentingViewController dismissViewControllerAnimated:YES
                                                       completion:nil];
     self.presentingViewController = nil;
-    self.linkHandler = nil;
 }
 
 #pragma mark - Bridging
@@ -461,6 +469,8 @@ + (NSString *)stringForEventName:(PLKEventName *)eventName {
             return @"VERIFY_PHONE";
         case PLKEventNameValueConnectNewInstitution:
             return @"CONNECT_NEW_INSTITUTION";
+        case PLKEventNameValueSubmitOTP:
+            return @"SUBMIT_OTP";
     }
      return @"unknown";
 }
@@ -501,6 +511,8 @@ + (NSString *)stringForExitStatus:(PLKExitStatus *)exitStatus {
             return @"institution_not_found";
         case PLKExitStatusValueRequiresAccountSelection:
             return @"requires_account_selection";
+        case PLKExitStatusValueContinueToThridParty:
+            return @"continue_to_third_party";
     }
     return @"unknown";
 }
diff --git a/package.json b/package.json
index 9b9a8e2d..4352b072 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native-plaid-link-sdk",
-  "version": "11.8.0",
+  "version": "11.8.1",
   "description": "React Native Plaid Link SDK",
   "main": "dist/index.js",
   "types": "dist/index.d.ts",