diff --git a/eng/common/testproxy/target_version.txt b/eng/common/testproxy/target_version.txt
index 1979eff49e7b..201b5241b922 100644
--- a/eng/common/testproxy/target_version.txt
+++ b/eng/common/testproxy/target_version.txt
@@ -1 +1 @@
-1.0.0-dev.20240410.1
+1.0.0-dev.20240516.2
diff --git a/eng/target_proxy_version.txt b/eng/target_proxy_version.txt
deleted file mode 100644
index 3cff4e455ee9..000000000000
--- a/eng/target_proxy_version.txt
+++ /dev/null
@@ -1 +0,0 @@
-1.0.0-dev.20240506.5