diff --git a/CHANGELOG.md b/CHANGELOG.md
index 246668cf8..08869d852 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,13 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [10.16.1]
+### Changed
+- This release is a patch for v10.15.2, so all changes in v10.16.0 have been temporarily reverted. They will be restored in a future v16 release. ([#15063](https://github.com/MetaMask/metamask-extension/pull/15063))
+
+### Fixed
+- Fix bug that could cause an incorrect recipient address after pasting an address, without a 0x prefix, in the send flow while sending a token ([#15064](https://github.com/MetaMask/metamask-extension/pull/15064)
+
 ## [10.16.0]
 ### Added
 - Add friendly error handling screen, when UI fails to connect to background ([#14461](https://github.com/MetaMask/metamask-extension/pull/14461))
@@ -3031,7 +3038,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Uncategorized
 - Added the ability to restore accounts from seed words.
 
-[Unreleased]: https://github.com/MetaMask/metamask-extension/compare/v10.16.0...HEAD
+[Unreleased]: https://github.com/MetaMask/metamask-extension/compare/v10.16.1...HEAD
+[10.16.1]: https://github.com/MetaMask/metamask-extension/compare/v10.16.0...v10.16.1
 [10.16.0]: https://github.com/MetaMask/metamask-extension/compare/v10.15.1...v10.16.0
 [10.15.1]: https://github.com/MetaMask/metamask-extension/compare/v10.15.0...v10.15.1
 [10.15.0]: https://github.com/MetaMask/metamask-extension/compare/v10.14.7...v10.15.0
diff --git a/package.json b/package.json
index 1dee37001..11adbbeb4 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "metamask-crx",
-  "version": "10.16.0",
+  "version": "10.16.1",
   "private": true,
   "repository": {
     "type": "git",