diff --git a/CHANGELOG.md b/CHANGELOG.md
index 65e98c2e3d03..16615f3a8734 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -50,6 +50,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 
 * (x/auth) [#16554](https://github.com/cosmos/cosmos-sdk/pull/16554) `ModuleAccount.Validate` now reports a nil `.BaseAccount` instead of panicking.
 * [#16588](https://github.com/cosmos/cosmos-sdk/pull/16588) Propogate the Snapshotter's failure to the caller, (it will create a empty snapshot silently before).
+* (x/slashing) [#16784](https://github.com/cosmos/cosmos-sdk/pull/16784) Emit event with the correct reason in SlashWithInfractionReason.
 
 ## [v0.47.3](https://github.com/cosmos/cosmos-sdk/releases/tag/v0.47.3) - 2023-06-08
 
diff --git a/x/slashing/keeper/keeper.go b/x/slashing/keeper/keeper.go
index 92c9b4d79561..5535dd2436c9 100644
--- a/x/slashing/keeper/keeper.go
+++ b/x/slashing/keeper/keeper.go
@@ -79,12 +79,21 @@ func (k Keeper) Slash(ctx sdk.Context, consAddr sdk.ConsAddress, fraction sdk.De
 // module to make the necessary validator changes. It specifies an intraction reason.
 func (k Keeper) SlashWithInfractionReason(ctx sdk.Context, consAddr sdk.ConsAddress, fraction sdk.Dec, power, distributionHeight int64, infraction stakingtypes.Infraction) {
 	coinsBurned := k.sk.SlashWithInfractionReason(ctx, consAddr, distributionHeight, power, fraction, infraction)
+
+	reasonAttr := sdk.NewAttribute(types.AttributeKeyReason, types.AttributeValueUnspecified)
+	switch infraction {
+	case stakingtypes.Infraction_INFRACTION_DOUBLE_SIGN:
+		reasonAttr = sdk.NewAttribute(types.AttributeKeyReason, types.AttributeValueDoubleSign)
+	case stakingtypes.Infraction_INFRACTION_DOWNTIME:
+		reasonAttr = sdk.NewAttribute(types.AttributeKeyReason, types.AttributeValueMissingSignature)
+	}
+
 	ctx.EventManager().EmitEvent(
 		sdk.NewEvent(
 			types.EventTypeSlash,
 			sdk.NewAttribute(types.AttributeKeyAddress, consAddr.String()),
 			sdk.NewAttribute(types.AttributeKeyPower, fmt.Sprintf("%d", power)),
-			sdk.NewAttribute(types.AttributeKeyReason, types.AttributeValueDoubleSign),
+			reasonAttr,
 			sdk.NewAttribute(types.AttributeKeyBurnedCoins, coinsBurned.String()),
 		),
 	)
diff --git a/x/slashing/types/events.go b/x/slashing/types/events.go
index 600e59932ec2..af115fee539f 100644
--- a/x/slashing/types/events.go
+++ b/x/slashing/types/events.go
@@ -13,6 +13,7 @@ const (
 	AttributeKeyMissedBlocks = "missed_blocks"
 	AttributeKeyBurnedCoins  = "burned_coins"
 
+	AttributeValueUnspecified      = "unspecified"
 	AttributeValueDoubleSign       = "double_sign"
 	AttributeValueMissingSignature = "missing_signature"
 )