diff --git a/app/export.go b/app/export.go
index a744e5496..16bbebd71 100644
--- a/app/export.go
+++ b/app/export.go
@@ -150,7 +150,8 @@ func (app *App) prepForZeroHeightGenesis(ctx sdk.Context, jailAllowedAddrs []str
 	counter := int16(0)
 
 	for ; iter.Valid(); iter.Next() {
-		addr := sdk.ValAddress(iter.Key()[1:])
+		// The first byte is used for collection prefix, the second - for addr length
+		addr := sdk.ValAddress(iter.Key()[2:])
 		validator, found := app.StakingKeeper.GetValidator(ctx, addr)
 		if !found {
 			panic("expected validator, not found")