The U.S. Securities and Exchange Commission has reached a $9.5 million settlement stemming from the Veritaseum initial coin offering.
Middleton organized the unregistered $14.8 million Veritaseum (VERI) initial coin offering, and is further accused of market manipulation post-ICO.
Veritaseum alleges T-Mobile authorized no less than five SIM swaps, one of which brought the loss of $8.6 million in crypto.
Veritaseum has officially responded to the SEC's claims it sold illegal securities and called for its funds to be unfrozen to protect investors.
The SEC is seeking to freeze the assets of Reggie Middleton, organizer of the $14.8 million Veritaseum (VERI) ICO.