CoinVoice has recently learned that Ryan Kim, founding partner of the crypto investment firm Hashed, stated on social media that in 2014, Ripple Labs sold XRP in South Korea through the 'Ripple Market Korea' project in a 'Ponzi scheme' manner, attracting a large number of Korean investors. These early investors may have received substantial returns, and there is a real XRP community in South Korea, which is the reason why many Koreans purchase XRP.
According to a report by Korean media in November 2014, the platform operator Ripple Market Korea completed its first round of sales within 2 hours on its opening day. The platform issued its own token RMK, promising to return transaction fee profits to users based on their holdings. At that time, the platform promoted the advantages of XRP being exchangeable with various national currencies, receiving investment from Google Ventures, and complying with U.S. regulations. [Original link]
