diff --git a/core/SConscript.bootloader b/core/SConscript.bootloader
index dd0060af83..e5226cd313 100644
--- a/core/SConscript.bootloader
+++ b/core/SConscript.bootloader
@@ -168,6 +168,7 @@ SOURCE_BOOTLOADER = [
     'embed/bootloader/main.c',
     'embed/bootloader/messages.c',
     'embed/bootloader/protob/messages.pb.c',
+    'embed/bootloader/version_check.c',
 ]
 
 
diff --git a/core/SConscript.bootloader_emu b/core/SConscript.bootloader_emu
index 009415fcf8..9d0627cbcc 100644
--- a/core/SConscript.bootloader_emu
+++ b/core/SConscript.bootloader_emu
@@ -140,6 +140,7 @@ SOURCE_BOOTLOADER = [
     'embed/bootloader/main.c',
     'embed/bootloader/messages.c',
     'embed/bootloader/emulator.c',
+    'embed/bootloader/version_check.c',
     'embed/bootloader/protob/messages.pb.c',
 ]
 
diff --git a/core/embed/bootloader/.changelog.d/4133.added b/core/embed/bootloader/.changelog.d/4133.added
new file mode 100644
index 0000000000..b808dcad60
--- /dev/null
+++ b/core/embed/bootloader/.changelog.d/4133.added
@@ -0,0 +1 @@
+Added firmware downgrade protection
diff --git a/core/embed/bootloader/main.c b/core/embed/bootloader/main.c
index 23d0ee9133..d93ec0cf4a 100644
--- a/core/embed/bootloader/main.c
+++ b/core/embed/bootloader/main.c
@@ -72,6 +72,7 @@
 #include "monoctr.h"
 #include "rust_ui.h"
 #include "unit_variant.h"
+#include "version_check.h"
 
 #ifdef TREZOR_EMULATOR
 #include "emulator.h"
@@ -261,22 +262,6 @@ static secbool check_vendor_header_lock(const vendor_header *const vhdr) {
   return sectrue * (0 == memcmp(lock, hash, 32));
 }
 
-// protection against bootloader downgrade
-
-#if PRODUCTION && !defined STM32U5
-
-static void check_bootloader_version(void) {
-  ensure(
-      monoctr_write(MONOCTR_BOOTLOADER_VERSION, BOOTLOADER_MONOTONIC_VERSION),
-      NULL);
-  uint8_t val = 0;
-  ensure(monoctr_read(MONOCTR_BOOTLOADER_VERSION, &val), NULL);
-  ensure(sectrue * (val == BOOTLOADER_MONOTONIC_VERSION),
-         "Bootloader downgrade protection");
-}
-
-#endif
-
 void failed_jump_to_firmware(void) { error_shutdown("(glitch)"); }
 
 void real_jump_to_firmware(void) {
@@ -304,6 +289,10 @@ void real_jump_to_firmware(void) {
   ensure(check_image_header_sig(hdr, vhdr.vsig_m, vhdr.vsig_n, vhdr.vpub),
          "Firmware is corrupted");
 
+  ensure(check_firmware_min_version(hdr->version),
+         "Firmware downgrade protection");
+  ensure_firmware_min_version(hdr->version);
+
   ensure(check_image_contents(hdr, IMAGE_HEADER_SIZE + vhdr.hdrlen,
                               &FIRMWARE_AREA),
          "Firmware is corrupted");
@@ -422,6 +411,8 @@ int bootloader_main(void) {
   volatile secbool vhdr_lock_ok = secfalse;
   volatile secbool img_hdr_ok = secfalse;
   volatile secbool model_ok = secfalse;
+  volatile secbool signatures_ok = secfalse;
+  volatile secbool version_ok = secfalse;
   volatile secbool header_present = secfalse;
   volatile secbool firmware_present = secfalse;
   volatile secbool firmware_present_backup = secfalse;
@@ -448,12 +439,22 @@ int bootloader_main(void) {
   if (sectrue == img_hdr_ok) {
     model_ok = check_image_model(hdr);
   }
+
   if (sectrue == model_ok) {
-    header_present =
+    signatures_ok =
         check_image_header_sig(hdr, vhdr.vsig_m, vhdr.vsig_n, vhdr.vpub);
   }
 
+  if (sectrue == signatures_ok) {
+    version_ok = check_firmware_min_version(hdr->monotonic);
+  }
+
+  if (sectrue == version_ok) {
+    header_present = version_ok;
+  }
+
   if (sectrue == header_present) {
+    ensure_firmware_min_version(hdr->monotonic);
     firmware_present = check_image_contents(
         hdr, IMAGE_HEADER_SIZE + vhdr.hdrlen, &FIRMWARE_AREA);
     firmware_present_backup = firmware_present;
@@ -477,12 +478,12 @@ int bootloader_main(void) {
 
 #if PRODUCTION && !defined STM32U5
   // for STM32U5, this check is moved to boardloader
-  check_bootloader_version();
+  ensure_bootloader_min_version();
 #endif
 
   switch (bootargs_get_command()) {
     case BOOT_COMMAND_STOP_AND_WAIT:
-      // firmare requested to stay in bootloader
+      // firmware requested to stay in bootloader
       stay_in_bootloader = sectrue;
       break;
     case BOOT_COMMAND_INSTALL_UPGRADE:
diff --git a/core/embed/bootloader/messages.c b/core/embed/bootloader/messages.c
index 568cafdb26..5006afb856 100644
--- a/core/embed/bootloader/messages.c
+++ b/core/embed/bootloader/messages.c
@@ -37,6 +37,7 @@
 #include "bootui.h"
 #include "messages.h"
 #include "rust_ui.h"
+#include "version_check.h"
 
 #include "memzero.h"
 #include "model.h"
@@ -472,6 +473,10 @@ static void detect_installation(const vendor_header *current_vhdr,
     *is_new = sectrue;
     return;
   }
+  if (sectrue != check_firmware_min_version(current_hdr->monotonic)) {
+    *is_new = sectrue;
+    return;
+  }
   if (sectrue != check_image_header_sig(current_hdr, current_vhdr->vsig_m,
                                         current_vhdr->vsig_n,
                                         current_vhdr->vpub)) {
@@ -574,6 +579,14 @@ int process_msg_FirmwareUpload(uint8_t iface_num, uint32_t msg_size,
         return UPLOAD_ERR_INVALID_IMAGE_HEADER_SIG;
       }
 
+      if (sectrue != check_firmware_min_version(received_hdr->monotonic)) {
+        MSG_SEND_INIT(Failure);
+        MSG_SEND_ASSIGN_VALUE(code, FailureType_Failure_ProcessError);
+        MSG_SEND_ASSIGN_STRING(message, "Cannot downgrade to this version");
+        MSG_SEND(Failure);
+        return UPLOAD_ERR_INVALID_IMAGE_HEADER_VERSION;
+      }
+
       memcpy(&hdr, received_hdr, sizeof(hdr));
 
       size_t headers_end = IMAGE_HEADER_SIZE + vhdr.hdrlen;
diff --git a/core/embed/bootloader/messages.h b/core/embed/bootloader/messages.h
index d1ff9a2f08..ad8e3f4211 100644
--- a/core/embed/bootloader/messages.h
+++ b/core/embed/bootloader/messages.h
@@ -39,6 +39,7 @@ enum {
   UPLOAD_ERR_INVALID_IMAGE_HEADER = -4,
   UPLOAD_ERR_INVALID_IMAGE_MODEL = -5,
   UPLOAD_ERR_INVALID_IMAGE_HEADER_SIG = -6,
+  UPLOAD_ERR_INVALID_IMAGE_HEADER_VERSION = -16,
   UPLOAD_ERR_USER_ABORT = -7,
   UPLOAD_ERR_FIRMWARE_TOO_BIG = -8,
   UPLOAD_ERR_INVALID_CHUNK_HASH = -9,
diff --git a/core/embed/bootloader/version_check.c b/core/embed/bootloader/version_check.c
new file mode 100644
index 0000000000..ae7d225154
--- /dev/null
+++ b/core/embed/bootloader/version_check.c
@@ -0,0 +1,48 @@
+/*
+ * This file is part of the Trezor project, https://trezor.io/
+ *
+ * Copyright (c) SatoshiLabs
+ *
+ * This program is free software: you can redistribute it and/or modify
+ * it under the terms of the GNU General Public License as published by
+ * the Free Software Foundation, either version 3 of the License, or
+ * (at your option) any later version.
+ *
+ * This program is distributed in the hope that it will be useful,
+ * but WITHOUT ANY WARRANTY; without even the implied warranty of
+ * MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+ * GNU General Public License for more details.
+ *
+ * You should have received a copy of the GNU General Public License
+ * along with this program.  If not, see <http://www.gnu.org/licenses/>.
+ */
+
+#include <string.h>
+
+#include "version_check.h"
+
+#include "error_handling.h"
+#include "model_version.h"
+#include "monoctr.h"
+
+void ensure_bootloader_min_version(void) {
+  monoctr_write(MONOCTR_BOOTLOADER_VERSION, BOOTLOADER_MONOTONIC_VERSION);
+  uint8_t val = 0;
+  ensure(monoctr_read(MONOCTR_BOOTLOADER_VERSION, &val), NULL);
+  ensure(sectrue * (val == BOOTLOADER_MONOTONIC_VERSION),
+         "Bootloader downgrade protection");
+}
+
+secbool check_firmware_min_version(uint8_t check_version) {
+  uint8_t min_version = 0;
+  ensure(monoctr_read(MONOCTR_FIRMWARE_VERSION, &min_version), "monoctr read");
+
+  return (check_version >= min_version) * sectrue;
+}
+
+void ensure_firmware_min_version(uint8_t version) {
+  monoctr_write(MONOCTR_FIRMWARE_VERSION, version);
+  uint8_t val = 0;
+  ensure(monoctr_read(MONOCTR_FIRMWARE_VERSION, &val), NULL);
+  ensure(sectrue * (val == version), "Firmware downgrade protection");
+}
diff --git a/core/embed/bootloader/version_check.h b/core/embed/bootloader/version_check.h
new file mode 100644
index 0000000000..a7011808b5
--- /dev/null
+++ b/core/embed/bootloader/version_check.h
@@ -0,0 +1,40 @@
+/*
+ * This file is part of the Trezor project, https://trezor.io/
+ *
+ * Copyright (c) SatoshiLabs
+ *
+ * This program is free software: you can redistribute it and/or modify
+ * it under the terms of the GNU General Public License as published by
+ * the Free Software Foundation, either version 3 of the License, or
+ * (at your option) any later version.
+ *
+ * This program is distributed in the hope that it will be useful,
+ * but WITHOUT ANY WARRANTY; without even the implied warranty of
+ * MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+ * GNU General Public License for more details.
+ *
+ * You should have received a copy of the GNU General Public License
+ * along with this program.  If not, see <http://www.gnu.org/licenses/>.
+ */
+
+#pragma once
+
+#include <stdint.h>
+#include "secbool.h"
+
+// Protection against bootloader downgrade
+
+// Ensures bootloader version is stored in monotonic counter
+// If the version cannot be written, the function will shutdown the device
+void ensure_bootloader_min_version(void);
+
+// Protection against firmware downgrade
+
+// This functions checks if the firmware version is at least the minimum
+// required version, returns sectrue if check_version is higher or equal to the
+// stored version
+secbool check_firmware_min_version(uint8_t check_version);
+
+// Ensures firmware version is stored in monotonic counter
+// If the version cannot be written, the function will shutdown the device
+void ensure_firmware_min_version(uint8_t version);
diff --git a/core/embed/trezorhal/monoctr.h b/core/embed/trezorhal/monoctr.h
index 0d5e2bcfd1..296b573dbf 100644
--- a/core/embed/trezorhal/monoctr.h
+++ b/core/embed/trezorhal/monoctr.h
@@ -32,8 +32,12 @@ typedef enum {
   MONOCTR_FIRMWARE_VERSION = 1,
 } monoctr_type_t;
 
+// Write a new value to the monotonic counter
+// Returns sectrue on success, when value is lower than the current value
+// the write fails and returns secfalse
 secbool monoctr_write(monoctr_type_t type, uint8_t value);
 
+// Read the current value of the monotonic counter
 secbool monoctr_read(monoctr_type_t type, uint8_t* value);
 
 #endif
diff --git a/core/embed/trezorhal/stm32f4/monoctr.c b/core/embed/trezorhal/stm32f4/monoctr.c
index a30e13d907..70b58faa9d 100644
--- a/core/embed/trezorhal/stm32f4/monoctr.c
+++ b/core/embed/trezorhal/stm32f4/monoctr.c
@@ -41,6 +41,26 @@ secbool monoctr_write(monoctr_type_t type, uint8_t value) {
     return secfalse;
   }
 
+  int block = get_otp_block(type);
+
+  if (block < 0) {
+    return secfalse;
+  }
+
+  uint8_t current_value = 0;
+
+  if (sectrue != monoctr_read(type, &current_value)) {
+    return secfalse;
+  }
+
+  if (value < current_value) {
+    return secfalse;
+  }
+
+  if (value == current_value) {
+    return sectrue;
+  }
+
   uint8_t bits[FLASH_OTP_BLOCK_SIZE];
   for (int i = 0; i < FLASH_OTP_BLOCK_SIZE * 8; i++) {
     if (i < value) {
@@ -50,12 +70,6 @@ secbool monoctr_write(monoctr_type_t type, uint8_t value) {
     }
   }
 
-  int block = get_otp_block(type);
-
-  if (block < 0) {
-    return secfalse;
-  }
-
   ensure(flash_otp_write(block, 0, bits, FLASH_OTP_BLOCK_SIZE), NULL);
 
 #endif
diff --git a/core/embed/trezorhal/stm32u5/monoctr.c b/core/embed/trezorhal/stm32u5/monoctr.c
index e9db4eb273..6504371fa2 100644
--- a/core/embed/trezorhal/stm32u5/monoctr.c
+++ b/core/embed/trezorhal/stm32u5/monoctr.c
@@ -44,6 +44,20 @@ secbool monoctr_write(monoctr_type_t type, uint8_t value) {
     return secfalse;
   }
 
+  uint8_t current_value = 0;
+
+  if (sectrue != monoctr_read(type, &current_value)) {
+    return secfalse;
+  }
+
+  if (value < current_value) {
+    return secfalse;
+  }
+
+  if (value == current_value) {
+    return sectrue;
+  }
+
   for (int i = 0; i < value; i++) {
     uint32_t data[4] = {0};
     secret_write((uint8_t *)data, offset + i * 16, 16);
diff --git a/core/embed/trezorhal/unix/monoctr.c b/core/embed/trezorhal/unix/monoctr.c
index e1ddf7a358..a8a140db60 100644
--- a/core/embed/trezorhal/unix/monoctr.c
+++ b/core/embed/trezorhal/unix/monoctr.c
@@ -38,6 +38,26 @@ secbool monoctr_write(monoctr_type_t type, uint8_t value) {
     return secfalse;
   }
 
+  int block = get_otp_block(type);
+
+  if (block < 0) {
+    return secfalse;
+  }
+
+  uint8_t current_value = 0;
+
+  if (sectrue != monoctr_read(type, &current_value)) {
+    return secfalse;
+  }
+
+  if (value < current_value) {
+    return secfalse;
+  }
+
+  if (value == current_value) {
+    return sectrue;
+  }
+
   uint8_t bits[FLASH_OTP_BLOCK_SIZE];
   for (int i = 0; i < FLASH_OTP_BLOCK_SIZE * 8; i++) {
     if (i < value) {
@@ -47,12 +67,6 @@ secbool monoctr_write(monoctr_type_t type, uint8_t value) {
     }
   }
 
-  int block = get_otp_block(type);
-
-  if (block < 0) {
-    return secfalse;
-  }
-
   ensure(flash_otp_write(block, 0, bits, FLASH_OTP_BLOCK_SIZE), NULL);
 
   return sectrue;