diff --git a/common/credential-proxy/src/deposits_buffer/mod.rs b/common/credential-proxy/src/deposits_buffer/mod.rs
index 6ddaa9fedf..6b01b02046 100644
--- a/common/credential-proxy/src/deposits_buffer/mod.rs
+++ b/common/credential-proxy/src/deposits_buffer/mod.rs
@@ -13,8 +13,9 @@ use std::sync::Arc;
 use std::time::Duration;
 use time::OffsetDateTime;
 use tokio::sync::Mutex as AsyncMutex;
+use tokio::time::Instant;
 use tokio_util::sync::CancellationToken;
-use tracing::{debug, info, instrument, warn};
+use tracing::{debug, error, info, instrument, warn};
 use uuid::Uuid;
 
 pub use helpers::{BufferedDeposit, PerformedDeposits, make_deposits_request, split_deposits};
@@ -146,9 +147,14 @@ impl DepositsBuffer {
 
     // if we're here, we know we're below the threshold
     fn maybe_refill_deposits(&self) {
-        if let Some(mut guard) = self.inner.deposits_refill_task.try_get_new_task_guard() {
+        if let Some((mut guard, completion_guard)) =
+            self.inner.deposits_refill_task.try_get_new_task_guard()
+        {
             let this = self.clone();
-            *guard = Some(tokio::spawn(async move { this.refill_deposits().await }));
+            *guard = Some(tokio::spawn(async move {
+                let _completion_guard = completion_guard;
+                this.refill_deposits().await
+            }));
         }
     }
 
@@ -179,6 +185,8 @@ impl DepositsBuffer {
         requested_on: OffsetDateTime,
         client_pubkey: PublicKeyUser,
     ) -> Result<BufferedDeposit, CredentialProxyError> {
+        let wait_start = Instant::now();
+        let mut i = 0;
         loop {
             tokio::time::sleep(Duration::from_millis(500)).await;
             if let Some(buffered_deposit) = self.inner.unused_deposits.lock().await.pop() {
@@ -195,6 +203,15 @@ impl DepositsBuffer {
                 // make sure there's always a task working in the background in case deposits get used up too quickly
                 self.maybe_refill_deposits()
             }
+            i += 1;
+            let elapsed = wait_start.elapsed();
+            if elapsed > Duration::from_secs(5) && i % 10 == 0 {
+                warn!("we've been waiting for over 5s to make a deposit - something is wrong!")
+            } else if elapsed > Duration::from_secs(10) && i % 5 == 0 {
+                error!(
+                    "we've been waiting for over 10s to make a deposit - something is SERIOUSLY wrong!"
+                )
+            }
         }
     }
 
diff --git a/common/credential-proxy/src/deposits_buffer/refill_task.rs b/common/credential-proxy/src/deposits_buffer/refill_task.rs
index e06571aca7..5534eaab80 100644
--- a/common/credential-proxy/src/deposits_buffer/refill_task.rs
+++ b/common/credential-proxy/src/deposits_buffer/refill_task.rs
@@ -3,12 +3,22 @@
 
 use crate::error::CredentialProxyError;
 use std::sync::atomic::{AtomicBool, Ordering};
-use std::sync::{Mutex as StdMutex, MutexGuard};
+use std::sync::{Arc, Mutex as StdMutex, MutexGuard};
 use tokio::task::JoinHandle;
 use tracing::{debug, error};
 
 pub(super) type RefillTaskResult = Result<(), CredentialProxyError>;
 
+pub(super) struct InProgressGuard {
+    in_progress: Arc<AtomicBool>,
+}
+
+impl Drop for InProgressGuard {
+    fn drop(&mut self) {
+        self.in_progress.store(false, Ordering::SeqCst);
+    }
+}
+
 #[derive(Default)]
 pub(super) struct RefillTask {
     // note that we can only have a single transaction in progress (or it'd mess up with our sequence numbers)
@@ -16,7 +26,7 @@ pub(super) struct RefillTask {
     // we'll have to increase the number of deposits per transaction
     join_handle: StdMutex<Option<JoinHandle<RefillTaskResult>>>,
 
-    in_progress: AtomicBool,
+    in_progress: Arc<AtomicBool>,
 }
 
 impl RefillTask {
@@ -28,9 +38,15 @@ impl RefillTask {
             .is_ok()
     }
 
+    /// Returns `None` if a refill is already in progress. On success, returns the
+    /// join-handle guard (to store the new `JoinHandle` into) and an [`InProgressGuard`]
+    /// that **must be moved into the spawned task** — it resets the flag when dropped.
     pub(super) fn try_get_new_task_guard(
         &self,
-    ) -> Option<MutexGuard<'_, Option<JoinHandle<RefillTaskResult>>>> {
+    ) -> Option<(
+        MutexGuard<'_, Option<JoinHandle<RefillTaskResult>>>,
+        InProgressGuard,
+    )> {
         // sanity check for concurrent request
         if !self.try_set_in_progress() {
             debug!("another task has already started deposit refill request");
@@ -48,7 +64,11 @@ impl RefillTask {
             }
         }
 
-        Some(guard)
+        let completion_guard = InProgressGuard {
+            in_progress: Arc::clone(&self.in_progress),
+        };
+
+        Some((guard, completion_guard))
     }
 
     pub(super) fn take_task_join_handle(&self) -> Option<JoinHandle<RefillTaskResult>> {
@@ -56,3 +76,34 @@ impl RefillTask {
         self.join_handle.lock().expect("mutex got poisoned").take()
     }
 }
+
+#[cfg(test)]
+mod tests {
+    use super::*;
+
+    #[test]
+    fn in_progress_resets_after_guard_drop() {
+        let task = RefillTask::default();
+
+        let (guard, completion_guard) = task.try_get_new_task_guard().unwrap();
+        drop(guard);
+        assert!(task.try_get_new_task_guard().is_none());
+
+        drop(completion_guard);
+        assert!(task.try_get_new_task_guard().is_some());
+    }
+
+    #[test]
+    fn in_progress_resets_on_panic() {
+        let task = RefillTask::default();
+
+        let (guard, completion_guard) = task.try_get_new_task_guard().unwrap();
+        drop(guard);
+
+        let _ = std::panic::catch_unwind(std::panic::AssertUnwindSafe(|| {
+            let _g = completion_guard;
+            panic!("simulated refill task panic");
+        }));
+        assert!(task.try_get_new_task_guard().is_some());
+    }
+}
diff --git a/nym-credential-proxy/nym-credential-proxy/Cargo.toml b/nym-credential-proxy/nym-credential-proxy/Cargo.toml
index 86ba6417b9..6ab596844b 100644
--- a/nym-credential-proxy/nym-credential-proxy/Cargo.toml
+++ b/nym-credential-proxy/nym-credential-proxy/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "nym-credential-proxy"
-version = "0.3.1"
+version = "0.3.2-rc"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true