diff --git a/components.yaml b/components.yaml
index 04eff5341..31a8a9be0 100644
--- a/components.yaml
+++ b/components.yaml
@@ -37,10 +37,10 @@ components:
     metadata: v0.11.1
   multus:
     url: https://github.com/k8snetworkplumbingwg/multus-cni
-    commit: f03765681fe81ee1e0633ee1734bf48ab3bccf2b
+    commit: 3c33f6f02886da801643391f13d601c11ed6c9c6
     branch: master
     update-policy: tagged
-    metadata: v4.0.2
+    metadata: v4.1.0
   multus-dynamic-networks:
     url: https://github.com/k8snetworkplumbingwg/multus-dynamic-networks-controller
     commit: 489cb557d9a7b706a42a3fd233fb1977767bf2be
diff --git a/data/multus/001-multus.yaml b/data/multus/001-multus.yaml
index a2a9cc268..ba4704acf 100644
--- a/data/multus/001-multus.yaml
+++ b/data/multus/001-multus.yaml
@@ -61,7 +61,9 @@ rules:
       - pods/status
     verbs:
       - get
+      - list
       - update
+      - watch
   - apiGroups:
       - ""
       - events.k8s.io
@@ -103,13 +105,13 @@ data:
   daemon-config.json: |
     {
         "chrootDir": "/hostroot",
-        "confDir": "/host/etc/cni/net.d",
-        "logLevel": "verbose",
-        "socketDir": "/host/run/multus/",
         "cniVersion": "0.3.1",
+        "logLevel": "verbose",
+        "logToStderr": true,
         "cniConfigDir": "/host/etc/cni/net.d",
+        "multusAutoconfigDir": "/host/etc/cni/net.d",
         "multusConfigFile": "auto",
-        "multusAutoconfigDir": "/host/etc/cni/net.d"
+        "socketDir": "/host/run/multus/"
     }
 ---
 apiVersion: apps/v1
@@ -148,15 +150,22 @@ spec:
               memory: "15Mi"
           securityContext:
             privileged: true
+          terminationMessagePolicy: FallbackToLogsOnError
           volumeMounts:
             - name: cni
               mountPath: /host/etc/cni/net.d
+            # multus-daemon expects that cnibin path must be identical between pod and container host.
+            # e.g. if the cni bin is in /opt/cni/bin on the container host side, then it should be mount to /opt/cni/bin in multus-daemon,
+            # not to any other directory, like /opt/bin or /usr/bin.
+            - name: cnibin
+              mountPath: /opt/cni/bin
             - name: host-run
               mountPath: /host/run
             - name: host-var-lib-cni-multus
               mountPath: /var/lib/cni/multus
             - name: host-var-lib-kubelet
               mountPath: /var/lib/kubelet
+              mountPropagation: HostToContainer
             - name: host-run-k8s-cni-cncf-io
               mountPath: /run/k8s.cni.cncf.io
             - name: host-run-netns
@@ -168,6 +177,11 @@ spec:
             - name: hostroot
               mountPath: /hostroot
               mountPropagation: HostToContainer
+          env:
+            - name: MULTUS_NODE_NAME
+              valueFrom:
+                fieldRef:
+                  fieldPath: spec.nodeName
           imagePullPolicy: {{ .ImagePullPolicy }}
           lifecycle:
             preStop:
@@ -186,6 +200,7 @@ spec:
               memory: "15Mi"
           securityContext:
             privileged: true
+          terminationMessagePolicy: FallbackToLogsOnError
           volumeMounts:
             - name: cnibin
               mountPath: /host/opt/cni/bin
diff --git a/pkg/components/components.go b/pkg/components/components.go
index 6eb9220ae..4ccfe1d30 100644
--- a/pkg/components/components.go
+++ b/pkg/components/components.go
@@ -30,7 +30,7 @@ var (
 )
 
 const (
-	MultusImageDefault                 = "ghcr.io/k8snetworkplumbingwg/multus-cni@sha256:3fbcc32bd4e4d15bd93c96def784a229cd84cca27942bf4858b581f31c97ee02"
+	MultusImageDefault                 = "ghcr.io/k8snetworkplumbingwg/multus-cni@sha256:5e8b897b268e5071ad955888abd5e529f14f7c219be1c6c69536439a1689622d"
 	MultusDynamicNetworksImageDefault  = "ghcr.io/k8snetworkplumbingwg/multus-dynamic-networks-controller@sha256:83b460502671fb4f34116363a1a39b2ddfc9d14a920ee0a6413bfc3bd0580404"
 	LinuxBridgeCniImageDefault         = "quay.io/kubevirt/cni-default-plugins@sha256:0c354fa9d695b8cab97b459e8afea2f7662407a987e83f6f6f1a8af4b45726be"
 	LinuxBridgeMarkerImageDefault      = "quay.io/kubevirt/bridge-marker@sha256:18d954d58b9830738df9bf5c9a575d22b33096d1af26fb6bc2da09fb31c9f73a"
diff --git a/test/releases/99.0.0.go b/test/releases/99.0.0.go
index 5922562fc..fda495b6e 100644
--- a/test/releases/99.0.0.go
+++ b/test/releases/99.0.0.go
@@ -12,7 +12,7 @@ func init() {
 				ParentName: "multus",
 				ParentKind: "DaemonSet",
 				Name:       "kube-multus",
-				Image:      "ghcr.io/k8snetworkplumbingwg/multus-cni@sha256:3fbcc32bd4e4d15bd93c96def784a229cd84cca27942bf4858b581f31c97ee02",
+				Image:      "ghcr.io/k8snetworkplumbingwg/multus-cni@sha256:5e8b897b268e5071ad955888abd5e529f14f7c219be1c6c69536439a1689622d",
 			},
 			{
 				ParentName: "dynamic-networks-controller-ds",
@@ -24,7 +24,7 @@ func init() {
 				ParentName: "multus",
 				ParentKind: "DaemonSet",
 				Name:       "install-multus-binary",
-				Image:      "ghcr.io/k8snetworkplumbingwg/multus-cni@sha256:3fbcc32bd4e4d15bd93c96def784a229cd84cca27942bf4858b581f31c97ee02",
+				Image:      "ghcr.io/k8snetworkplumbingwg/multus-cni@sha256:5e8b897b268e5071ad955888abd5e529f14f7c219be1c6c69536439a1689622d",
 			},
 			{
 				ParentName: "bridge-marker",