This issue was resolved for me by updating React Native to version 0.71.15.
Here are the steps I followed after updating:

1. Run:

   yarn install npm install

2. Then execute:

   watchman watch-del-all rm -rf node_modules && yarn install cd android && ./gradlew clean && cd .. yarn start --reset-cache

3. Finally, for iOS:

   cd ios pod install cd ..

This resolved the "Verification checksum was incorrect" issue for me.