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In January 2022, the Luna Foundation Guard (LFG) was established as a non-profit organization headquartered in Singapore, with Do Kwon assuming the role of director.

In February 2022, Terra and the Washington Nationals, a Major League Baseball team, jointly disclosed a sponsorship agreement encompassing stadium and television branding

Terraform Labs donates $1.1B for Luna Foundation Guard‘s reserves

In May 2022, a temporary halt of the Terra blockchain occurred when the algorithmic stablecoins TerraUSD (UST) and Luna experienced a significant decline.

In June 2022, it was reported that 15 people, including former Terraform developers for the Anchor lending protocol, had been imposed with travel restrictions by the Korean government.

In September 2022, a $56.9 million class action was filed at the High Court of Singapore against Do Kwon, Terraform Labs,

On January 14, 2023, Terra launched Station, an interchain wallet

In February 2023, the SEC sued Do Kwon and Terraform Labs for fraud.