Qbot — Office (OOXML) / .XLSX malware analysis

Static analysis result for SHA-256 8532fd4bbfd0a25f…

MALICIOUS

Office (OOXML) / .XLSX

21.4 KB Created: 2006-09-16 00:00:00 UTC Authoring application: Microsoft Excel 14.0300
MD5: d2f19863678125f28bae0003c9e3cf72 SHA-1: ed70c349eb8ab7790104c1acb34d52d4b9e89f05 SHA-256: 8532fd4bbfd0a25f14baeb2c2cd04e72f1dbd464844f4a273268c992042c3774
302 Risk Score

Malware Insights

Qbot · confidence 95%

MITRE ATT&CK
T1059.005 Visual Basic T1105 Ingress Tool Transfer T1204.002 Malicious File

The file contains Excel 4.0 macros that utilize WinAPI functions like URLDownloadToFileA to download a payload from the URL https://financialchile.com/21.psd. The macros are reassembled from CHAR() and split formulas, indicating an attempt to obfuscate the malicious activity. The downloaded payload is likely an executable, as suggested by the .psd extension and the use of ShellExecuteA.

Heuristics 6

  • Excel 4.0 macro sheet (1 sheet(s)) critical OOXML_XLM_MACROSHEET
    Spreadsheet contains an Excel 4.0 (XLM) macro sheet — XLM was a major Office malware vector during 2020-2022 and evaded many VBA-focused controls before Microsoft tightened XLM defaults. Even legitimate XLM use is rare in modern workbooks. The macro sheet is stored as XLSB/BIFF12 binary content, which many XML-only OOXML scanners miss.
  • Binary XLM macro sheet with WinAPI/download strings critical OOXML_XLM_BINARY_WINAPI_STRINGS
    Excel 4.0 macro sheet is stored as BIFF12/XLSB binary data and contains Win32 download or process-execution API strings such as URLDownloadToFileA, ShellExecuteA, or CreateDirectoryA. These strings are high-signal in XLM macro sheets and catch payload-download macros that XML-formula scanners cannot parse.
  • XLM payload reassembled from CHAR()/split formulas critical OOXML_XLM_REASSEMBLED_PAYLOAD
    An Excel 4.0 macro sheet builds its payload inside the formula token stream by concatenating per-character CHAR() calls and string fragments, so no WinAPI name, shell command, or URL is ever contiguous in the .bin for a literal-bytes scan to find. Reassembling the formulas recovered download/execute API names, LOLBin commands (regsvr32/rundll32/mshta/wmic/powershell), or a payload URL — the de-obfuscated download-and-run kill chain.
  • URL reconstructed from XLM cell array (1 URL) critical OOXML_XLM_CELL_ARRAY_URL
    Excel 4.0 macro sheet stages its payload URL across individual numeric cells (one ASCII charcode per cell), inside an embedded HTA that uses VBScript Chr()/&-concat obfuscation, or split across multi-char fragment cells a download formula concatenates by reference (=A1&A2&… / CONCATENATE(...)). The reconstructed URL is invisible to literal-bytes URL extraction because it is never contiguous in the workbook stream. URLs were recovered by walking the BIFF12 record stream of every worksheet and macrosheet part and decoding RK/inline-string/shared-string cells in row-major and column-major order plus FORMULA cell-reference concatenation in token order.
  • ClamAV: Xls.Dropper.QbotDocu12020-9818439-0 critical CLAMAV_DETECTION
    ClamAV detected this file as malware: Xls.Dropper.QbotDocu12020-9818439-0
  • Embedded URL info EMBEDDED_URL
    One or more URLs were extracted from the document. The URL itself is not a detection — see the per-URL labels for which channel (macro, JS, link annotation, document body, ...) reached each URL.
    URL https://financialchile.com/21.psd

Extracted artifacts 1

Files carved from inside the sample during analysis.

FilenameKindSourceSize
xlm_sheet_00.bin
3fd5d57a928c8ba818db7c001502d9473d992f17b434009561c9d63b9b02fe10		 xlm-macrosheet OOXML XLM macro sheet: xl/macrosheets/sheet1.bin 22574 bytes

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