diff --git a/app/upgrades/v2.12/upgrade.go b/app/upgrades/v2.12/upgrade.go
index ed3b67bd..dd089237 100644
--- a/app/upgrades/v2.12/upgrade.go
+++ b/app/upgrades/v2.12/upgrade.go
@@ -39,9 +39,9 @@ func CreateUpgradeHandler(
 		var addr sdk.AccAddress
 		var multisigAddr sdk.AccAddress
 
-		if ctx.ChainID() != "phoenix-1" {
-			addr = sdk.MustAccAddressFromBech32("")
-			multisigAddr = sdk.MustAccAddressFromBech32("")
+		if ctx.ChainID() == "phoenix-1" {
+			addr = sdk.MustAccAddressFromBech32("terra1885dgdvn5u8sjfaefvr39arssaxgqmd29ht0aa")
+			multisigAddr = sdk.MustAccAddressFromBech32("terra19yxffalxzu88n5lnj40trehpryemqsz7pnnwxp8v73hxz0rl2u9q5qqwh4")
 		} else {
 			addr = sdk.MustAccAddressFromBech32("terra1wd8tc98um0x6c9l46vhg00gudzgleefl6tvshd")
 			multisigAddr = sdk.MustAccAddressFromBech32("terra1xduqpf6aah0nftppuez7upl6curmykl3cxdek4h5wacw7hn0fr9sr029ze")