diff --git a/package/libiberty/libiberty.hash b/package/libiberty/libiberty.hash
deleted file mode 100644
index 0dafcea520..0000000000
--- a/package/libiberty/libiberty.hash
+++ /dev/null
@@ -1,5 +0,0 @@
-# From ftp://gcc.gnu.org/pub/binutils/releases/sha512.sum
-sha512  d326408f12a03d9a61a9de56584c2af12f81c2e50d2d7e835d51565df8314df01575724afa1e43bd0db45cfc9916b41519b67dfce03232aa4978704492a6994a  binutils-2.32.tar.xz
-
-# Locally computed, same as binutils.hash
-sha256  56bdea73b6145ef6ac5259b3da390b981d840c24cb03b8e1cbc678de7ecfa18d  COPYING.LIB
diff --git a/package/libiberty/libiberty.hash b/package/libiberty/libiberty.hash
new file mode 120000
index 0000000000..e0655d3af3
--- /dev/null
+++ b/package/libiberty/libiberty.hash
@@ -0,0 +1 @@
+../binutils/binutils.hash
\ No newline at end of file
diff --git a/package/libiberty/libiberty.mk b/package/libiberty/libiberty.mk
index 6235a8b956..e7a02c963a 100644
--- a/package/libiberty/libiberty.mk
+++ b/package/libiberty/libiberty.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-LIBIBERTY_VERSION = 2.32
+LIBIBERTY_VERSION = 2.40
 LIBIBERTY_SOURCE = binutils-$(LIBIBERTY_VERSION).tar.xz
 LIBIBERTY_SITE = $(BR2_GNU_MIRROR)/binutils
 HOST_LIBIBERTY_DL_SUBDIR = binutils