Cipher Digital Inc. CIPH (last ticker on record)
CIK 1819989Its SEC filings (opens in a new tab)
- Restatement
- Delisting notice (not a red flag)
- 95% wipeout
- SEC/DOJ scrutiny
These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.
- Red flags
- 3
- Newest began May 2023
- Largest fall in its shares
- 95%
- Sep 2021 to Dec 2022
- Law firms
- 9
- Linked to 5 or more companies
- Lawyers
- 6
- Linked to 5 or more companies
What happened
- A filing mentions a Wells noticeForm 8-K (opens in a new tab)
- Shares down 95% from their high
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.
Law firms
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
- Sidley AustinFirst linked May 2025 · Named in a filing · 1,210 linked companiesSEC/DOJ scrutiny 1.30× · Went dark 0.14× · 95% wipeout 0.93×
- Davis PolkFirst linked Mar 2021 · Named in a filing · 1,694 linked companiesSEC/DOJ scrutiny 1.26× · Went dark 0.06× · 95% wipeout 1.02×
- Latham & Watkins LLPFirst linked Mar 2021 · Named in SEC correspondence · 2,667 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.31× · 95% wipeout 1.10×
- Ellenoff Grossman & Schole LLPFirst linked Aug 2020 · Named in a filing · 963 linked companiesSEC/DOJ scrutiny 0.96× · Went dark 1.12× · 95% wipeout 1.21×
- Schiff HardinFirst linked Aug 2020 · Named in SEC correspondence · 184 linked companiesSEC/DOJ scrutiny 0.78× · Went dark 0.85× · 95% wipeout 1.26×
- Greenberg TraurigFirst linked Jul 2021 · Text search only · 1,223 linked companiesSEC/DOJ scrutiny 1.01× · Went dark 1.03× · 95% wipeout 1.10×
- Arnold & PorterFirst linked Jun 2021 · Text search only · 254 linked companiesSEC/DOJ scrutiny 1.03× · Went dark 0.11× · 95% wipeout 0.84×
- Morgan LewisFirst linked Mar 2021 · Text search only · 1,028 linked companiesSEC/DOJ scrutiny 1.18× · Went dark 0.31× · 95% wipeout 1.02×
- Skadden, Arps, Slate, Meagher & Flom LLPFirst linked Aug 2020 · Text search only · 2,607 linked companiesSEC/DOJ scrutiny 1.15× · Went dark 0.19× · 95% wipeout 0.85×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Sidley Austin | May 2025 | Named in a filing | 1,210 | 1.30 | 0.14 | 0.93 |
| Davis Polk | Mar 2021 | Named in a filing | 1,694 | 1.26 | 0.06 | 1.02 |
| Latham & Watkins LLP | Mar 2021 | Named in SEC correspondence | 2,667 | 0.98 | 0.31 | 1.10 |
| Ellenoff Grossman & Schole LLP | Aug 2020 | Named in a filing | 963 | 0.96 | 1.12 | 1.21 |
| Schiff Hardin | Aug 2020 | Named in SEC correspondence | 184 | 0.78 | 0.85 | 1.26 |
| Greenberg Traurig | Jul 2021 | Text search only | 1,223 | 1.01 | 1.03 | 1.10 |
| Arnold & Porter | Jun 2021 | Text search only | 254 | 1.03 | 0.11 | 0.84 |
| Morgan Lewis | Mar 2021 | Text search only | 1,028 | 1.18 | 0.31 | 1.02 |
| Skadden, Arps, Slate, Meagher & Flom LLP | Aug 2020 | Text search only | 2,607 | 1.15 | 0.19 | 0.85 |
Lawyers
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
- Ellen SmileyLatham & Watkins LLPFirst linked Apr 2025 · Named in SEC correspondence · 12 linked companiesSEC/DOJ scrutiny 2.47× · Went dark 0.00× · 95% wipeout 1.30×
- Stewart J. David StewartLatham & Watkins LLPFirst linked May 2023 · Named in SEC correspondence · 5 linked companiesSEC/DOJ scrutiny 2.78× · Went dark 0.00× · 95% wipeout 0.81×
- J. David StewartLatham & Watkins LLPFirst linked Mar 2021 · Named in SEC correspondence · 13 linked companiesSEC/DOJ scrutiny 2.09× · Went dark 0.00× · 95% wipeout 1.15×
- Ryan J. MaiersonLatham & Watkins LLPFirst linked Mar 2021 · Named in SEC correspondence · 135 linked companiesSEC/DOJ scrutiny 1.27× · Went dark 0.00× · 95% wipeout 1.28×
- Ralph V. De MartinoArentFox Schiff LLPFirst linked Aug 2020 · Named in SEC correspondence · 78 linked companiesSEC/DOJ scrutiny 0.51× · Went dark 1.20× · 95% wipeout 1.38×
- Ralph De MartinoSchiff HardinFirst linked Oct 2020 · Text search only · 16 linked companiesSEC/DOJ scrutiny 0.78× · Went dark 0.00× · 95% wipeout 1.66×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Ellen SmileyLatham & Watkins LLP | Apr 2025 | Named in SEC correspondence | 12 | 2.47 | 0.00 | 1.30 |
| Stewart J. David StewartLatham & Watkins LLP | May 2023 | Named in SEC correspondence | 5 | 2.78 | 0.00 | 0.81 |
| J. David StewartLatham & Watkins LLP | Mar 2021 | Named in SEC correspondence | 13 | 2.09 | 0.00 | 1.15 |
| Ryan J. MaiersonLatham & Watkins LLP | Mar 2021 | Named in SEC correspondence | 135 | 1.27 | 0.00 | 1.28 |
| Ralph V. De MartinoArentFox Schiff LLP | Aug 2020 | Named in SEC correspondence | 78 | 0.51 | 1.20 | 1.38 |
| Ralph De MartinoSchiff Hardin | Oct 2020 | Text search only | 16 | 0.78 | 0.00 | 1.66 |