diff --git a/app/app.go b/app/app.go
index 7e694a05d..d673dcf41 100644
--- a/app/app.go
+++ b/app/app.go
@@ -159,7 +159,7 @@ func NewTerraApp(logger log.Logger, db dbm.DB, traceStore io.Writer, loadLatest
 	// add keepers
 	app.accountKeeper = auth.NewAccountKeeper(app.cdc, keys[auth.StoreKey], authSubspace, auth.ProtoBaseAccount)
 	sendBlackListAddrs := app.ModuleAccountAddrs()
-	delete(sendBlackListAddrs, oracle.ModuleName)
+	delete(sendBlackListAddrs, supply.NewModuleAddress(oracle.ModuleName).String())
 	app.bankKeeper = bank.NewBaseKeeper(app.accountKeeper, bankSubspace, bank.DefaultCodespace, sendBlackListAddrs)
 	app.supplyKeeper = supply.NewKeeper(app.cdc, keys[supply.StoreKey], app.accountKeeper, app.bankKeeper, maccPerms)
 	stakingKeeper := staking.NewKeeper(app.cdc, keys[staking.StoreKey], tkeys[staking.TStoreKey],