diff --git a/charts/openstack-cloud-controller-manager/Chart.yaml b/charts/openstack-cloud-controller-manager/Chart.yaml
index d7065b9f55..db642f7095 100644
--- a/charts/openstack-cloud-controller-manager/Chart.yaml
+++ b/charts/openstack-cloud-controller-manager/Chart.yaml
@@ -4,7 +4,7 @@ description: Openstack Cloud Controller Manager Helm Chart
 icon: https://object-storage-ca-ymq-1.vexxhost.net/swift/v1/6e4619c416ff4bd19e1c087f27a43eea/www-images-prod/openstack-logo/OpenStack-Logo-Vertical.png
 home: https://github.com/kubernetes/cloud-provider-openstack
 name: openstack-cloud-controller-manager
-version: 2.29.1
+version: 2.29.2
 maintainers:
   - name: eumel8
     email: f.kloeker@telekom.de
diff --git a/charts/openstack-cloud-controller-manager/templates/daemonset.yaml b/charts/openstack-cloud-controller-manager/templates/daemonset.yaml
index 1d1b74d66c..df14bd1665 100644
--- a/charts/openstack-cloud-controller-manager/templates/daemonset.yaml
+++ b/charts/openstack-cloud-controller-manager/templates/daemonset.yaml
@@ -54,7 +54,7 @@ spec:
             - --cloud-config=$(CLOUD_CONFIG)
             - --cluster-name=$(CLUSTER_NAME)
             - --cloud-provider=openstack
-            - --use-service-account-credentials=true
+            - --use-service-account-credentials=false
             - --controllers={{- trimAll "," (include "occm.enabledControllers" . ) -}}
             {{- if .Values.serviceMonitor.enabled }}
             - --bind-address=0.0.0.0
diff --git a/manifests/controller-manager/openstack-cloud-controller-manager-ds.yaml b/manifests/controller-manager/openstack-cloud-controller-manager-ds.yaml
index f5ddc2e0b1..8ac4f52b8c 100644
--- a/manifests/controller-manager/openstack-cloud-controller-manager-ds.yaml
+++ b/manifests/controller-manager/openstack-cloud-controller-manager-ds.yaml
@@ -45,7 +45,7 @@ spec:
             - --cluster-name=$(CLUSTER_NAME)
             - --cloud-config=$(CLOUD_CONFIG)
             - --cloud-provider=openstack
-            - --use-service-account-credentials=true
+            - --use-service-account-credentials=false
             - --bind-address=127.0.0.1
           volumeMounts:
             - mountPath: /etc/kubernetes/pki