Malware Insights
This XLSM document contains Excel 4.0 macros that are designed to execute a payload. The VBA code triggers an ActiveX event which in turn executes XLM formulas. These formulas utilize dangerous APIs like RETURN to call into Win32 functions, likely to download and execute a second-stage payload. The reconstructed string 'Kij_roo' is used as a name for a worksheet, which is then executed, indicating a dynamic execution path. The presence of hidden sheets and call-to-action shapes further supports a malicious intent to trick the user into enabling macros and initiating the payload execution.
Heuristics 7
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VBA ActiveX event runs worksheet-decoded XLM formulas critical OLE_VBA_ACTIVEX_XLM_CELL_STAGERVBA code attached to an ActiveX/UserForm event reconstructs formula text from worksheet constants using Split/Replace/Mid or character shifting, then executes it through ExecuteExcel4Macro or Run. This is a high-confidence malware stager that hides XLM formula execution in sheet cells; it is not a document-parser CVE.
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Excel 4.0 macro sheet (1 sheet(s)) critical OOXML_XLM_MACROSHEETSpreadsheet 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.
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Dangerous XLM formula APIs: RETURN critical OOXML_XLM_DANGEROUS_FNExcel 4.0 macro sheet uses formula APIs that call directly into Win32 (=CALL/=EXEC/=REGISTER/=FORMULA). These are the primitives used to download payloads, write files, and start processes from an XLM macro without invoking VBA.
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VBA project inside OOXML medium OOXML_VBADocument contains vbaProject.bin — VBA macros present
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Hidden worksheet (hidden) low OOXML_HIDDEN_SHEETExcel workbook contains 1 hidden sheet(s) — hidden sheets are commonly used to conceal macro code, staging data, or intermediate payload construction
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Call-to-action shape / download button low OOXML_DOWNLOAD_SHAPEDocument drawing contains a call-to-action phrase ('Click Here', 'Download Now', etc.) inside a shape or text box — a common visual lure used to trick users into enabling macros or visiting a malicious URL
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Embedded URL info EMBEDDED_URLOne 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 http://schemas.openxmlformats.org/spreadsheetml/2006/main
- http://schemas.microsoft.com/office/excel/2006/main
- http://schemas.openxmlformats.org/officeDocument/2006/relationships
- http://schemas.openxmlformats.org/markup-compatibility/2006
- http://schemas.microsoft.com/office/spreadsheetml/2009/9/ac
Extracted artifacts 4
Files carved from inside the sample during analysis.
| Filename | Kind | Source | Size |
|---|---|---|---|
macros.basaa9ea638a3c943e41c8bb2745c0c052a5779da85b0f7e742f1e98e586f2dec22 |
vba-macro | oletools.olevba.extract_macros (decoded VBA source from OOXML) | 1617 bytes |
vbaProject_00.bin37efdcde3786b3fff02eb34e04d3fff1b666eb61c48e766bbaf61763edd7c927 |
vba-project | OOXML VBA project: xl/vbaProject.bin | 19456 bytes |
emf_00.emf6bb4422277f2c519e18c88b5df3fcd468514bbd8dcc596bcdeccec768b255322 |
ooxml-emf | OOXML EMF part: xl/media/image1.emf | 2352 bytes |
xlm_sheet_00.xmlbc9c6ebf0fd320628e241812b20c7929365b4e65eb917fa20596b9adfe330f8f |
xlm-macrosheet | OOXML XLM macro sheet: xl/macrosheets/sheet1.xml | 957 bytes |
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