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# Case Study: From BazarLoader to Network Reconnaissance

![Clock Icon](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-clock.svg) 7 min read  
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  By:
  
  * [Brad Duncan](https://unit42.paloaltonetworks.com/author/brad-duncan/)

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  Published:October 18, 2021

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  * [BazaLoader](https://unit42.paloaltonetworks.com/tag/bazaloader/)
  * [BazarLoader](https://unit42.paloaltonetworks.com/tag/bazarloader/)
  * [Cobalt Strike](https://unit42.paloaltonetworks.com/tag/cobalt-strike/)
  * [Cobalt Strike macros](https://unit42.paloaltonetworks.com/tag/cobalt-strike-macros/)

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## Executive Summary

BazarLoader is Windows-based malware spread through various methods involving email. These infections provide backdoor access that criminals use to determine whether the host is part of an Active Directory (AD) environment. If so, criminals deploy Cobalt Strike and perform reconnaissance to map the network. If the results indicate a high-value target, criminals attempt lateral movement and will often deploy ransomware like Conti or Ryuk.

This blog reviews a recent BazarLoader infection, how it led to Cobalt Strike, and how Cobalt Strike led to network reconnaissance. If you discover similar activity within your network, you could be a target for ransomware.

Organizations with decent spam filtering, proper system administration and up-to-date Windows hosts have a much lower risk of infection. Palo Alto Networks customers are further protected from this threat. Our [Threat Prevention](https://www.paloaltonetworks.com/products/secure-the-network/subscriptions/threat-prevention) security subscription for the Next-Generation Firewall detects the BazarLoader sample from this infection and similar samples. Endpoint detection like [Cortex XDR](https://www.paloaltonetworks.com/cortex/10-must-have-for-detection-and-response-forbes) can prevent Cobalt Strike activity and criminal access to your network.

## Distribution Methods for BazarLoader

During summer 2021, different campaigns distributed BazarLoader malware using emails. From late July through mid-August 2021, the majority of BazarLoader samples were spread through three campaigns.

The [BazarCall](https://unit42.paloaltonetworks.com/bazarloader-malware/) campaign pushed BazarLoader using emails for initial contact and call centers to guide potential victims to infect their computers. By early July, a [copyright violation-themed campaign](https://www.microsoft.com/security/blog/2021/04/09/investigating-a-unique-form-of-email-delivery-for-icedid-malware/) using ZIP archives named Stolen Images Evidence.zip also [began pushing BazarLoader](https://twitter.com/malware_traffic/status/1412470165179092992). By late July, a long-running campaign known as [TA551 (Shathak)](https://attack.mitre.org/groups/G0127/) started [pushing BazarLoader](https://isc.sans.edu/forums/diary/TA551+Shathak+continues+pushing+BazarLoader+infections+lead+to+Cobalt+Strike/27738/) through English-language emails.

In addition to those three major campaigns, we discovered at least [one example of BazarLoader](https://www.malware-traffic-analysis.net/2021/08/19/index2.html) distributed through an Excel spreadsheet of undetermined origin. Our case study reviews an infection generated using this example on Aug. 19, 2021.
![Chain of events from BazarLoader infection on Aug. 19, 2021. Excel file with .xlsb file extension, enable macros, web traffic for BazarLoader, BazarLoader, Bazar C2 traffic, Cobalt Strike, Cobalt Strike traffic, ADfind and batch file, Cobalt Strike and Bazar C2 traffic continues](https://unit42.paloaltonetworks.com/wp-content/uploads/2021/10/word-image-2.jpeg) Figure 1. Chain of events from BazarLoader infection on Aug. 19, 2021.

## Malicious Excel Spreadsheet

The malicious Excel spreadsheet was discovered on Wednesday, Aug. 18, 2021, and it has a last modified date of Tuesday, Aug. 17. The filename had an .xlsb file extension. This file has macros designed to infect a vulnerable Windows host with BazarLoader. Figure 2 shows a screenshot of the Excel file.

Though the DocuSign logo appears in Figure 2, this Excel template was created by a threat actor trying to instill confidence by taking advantage of the DocuSign brand name and image. Various threat actors use this and other DocuSign-themed images on a near-daily basis. DocuSign is aware of this ongoing threat and provides [guidelines on how to handle these types of malicious files](https://www.docusign.com/blog/dealing-with-spam-malware-and-viruses-2).
![A malicious Excel template that attempts to instill confidence by taking advantage of the DocuSign brand name and image.](https://unit42.paloaltonetworks.com/wp-content/uploads/2021/10/word-image-3.jpeg) Figure 2. Screenshot of the malicious Excel spreadsheet.

After enabling malicious macros on a vulnerable Windows host, the spreadsheet presented a new tab for a page with fake invoice information, as shown below in Figure 3.
![A fake invoice that appears on a malicious Excel spreadsheet. The red arrow indicates a new tab that appears after enabling macros.](https://unit42.paloaltonetworks.com/wp-content/uploads/2021/10/word-image-4.jpeg) Figure 3. Excel spreadsheet presented a fake invoice after enabling macros.

As it presented the fake invoice page, the spreadsheet's macro code had already retrieved a malicious binary for BazarLoader.

## BazarLoader Binary

The spreadsheet's macro code retrieved a malicious Dynamic Link Library (DLL) file for BazarLoader from the following URL:

hxxps://pawevi\[.\]com/lch5.dll

As shown below in Figure 4, the DLL was saved to the victim's home directory at C:\\Users\\\[username\]\\tru.dll. It ran using regsvr32.exe.
![BazarLoader DLL is saved to the infected user's home directory. The black arrow indicates where it appears in the screenshot.](https://unit42.paloaltonetworks.com/wp-content/uploads/2021/10/word-image-5.jpeg) Figure 4. BazarLoader DLL saved to the infected user's home directory.

The BazarLoader DLL was immediately copied to another location and made persistent through the Windows registry, as shown below in Figure 5.
![BazarLoader DLL persistent on the infected host, as shown in the screenshot.](https://unit42.paloaltonetworks.com/wp-content/uploads/2021/10/word-image-6.jpeg) Figure 5. Location and Windows registry update for persistent BazarLoader DLL.

As seen in Figure 5, the filename changed from tru.dll to kibuyuink.exe, even though it remained a DLL and still required regsvr32.exe to run. Changing the filename extension is a common tactic seen in various malware infections.

## Bazar C2 Traffic

This example of BazarLoader generated command and control (C2) activity, retrieving BazarBackdoor using HTTPS traffic from 104.248.174\[.\]225 over TCP port 443. Then BazarBackdoor generated C2 activity using HTTPS traffic to 104.248.166\[.\]170 over TCP port 443. In Figure 6, we refer to this combined C2 activity as Bazar C2 traffic.
![Traffic from the BazarLoader infection filtered in Wireshark. One black arrow indicates the section that represents Bazar C2 traffic. Another arrow indicates traffic for BazarLoader DLL.](https://unit42.paloaltonetworks.com/wp-content/uploads/2021/10/word-image-7.jpeg) Figure 6. Traffic from the infection filtered in Wireshark.

This example of Bazar C2 activity generates traffic to legitimate domains. This activity is not inherently malicious on its own. Various malware families generate similar traffic as a connectivity check or to ensure an infected Windows host has continued internet access.

## Cobalt Strike Activity

Approximately 41 minutes after the initial BazarLoader infection, our infected Windows host started generating Cobalt Strike activity using HTTPS traffic to gojihu\[.\]com and yuxicu\[.\]com, as shown below in Figure 7.
![Wireshark activity. The black arrows indicate where the Cobalt Strike activity begins.](https://unit42.paloaltonetworks.com/wp-content/uploads/2021/10/word-image-8.jpeg) Figure 7. Wireshark showing when the Cobalt Strike activity began.

In this case, a Cobalt Strike DLL file was sent through Bazar C2 traffic and saved to the infected Windows host under the user's AppData\\Roaming directory. Figure 8 shows the Cobalt Strike DLL running on the infected machine.
![Cobalt Strike started approximately 43 minutes after the BazarLoader infection, as illustrated in these screenshots from Process Hacker.](https://unit42.paloaltonetworks.com/wp-content/uploads/2021/10/word-image-9.jpeg) Figure 8. Cobalt Strike activity shown in Process Hacker.

Cobalt Strike leads to reconnaissance of an infected host's environment. In our lab environments, this reconnaissance activity can start within a few minutes after Cobalt Strike traffic first appears.

## Reconnaissance Activity

In our case study, approximately two minutes after Cobalt Strike activity started, a tool to enumerate an AD environment appeared on the infected host at C:\\ProgramData\\AdFind.exe. This tool [has been used by criminal groups to gather information from an AD environment](https://attack.mitre.org/software/S0552/). AdFind is a command line tool, and an associated batch file was used to run the tool in our case study.

Figure 9 shows the location of AdFind, the associated batch file adf.bat and the results of its search saved in seven text files.
![Network enumeration after Cobalt Strike.](https://unit42.paloaltonetworks.com/wp-content/uploads/2021/10/word-image-10.jpeg) Figure 9. AdFind.exe, the batch file and search results saved to text files.

Figure 10 shows commands used in the adf.bat file that run AdFind.exe.
![Commands used for AdFind.exe, displayed in a screenshot of Notepad.](https://unit42.paloaltonetworks.com/wp-content/uploads/2021/10/word-image-11.jpeg) Figure 10. Commands used for AdFind.exe.

These commands reveal the users, computers, file shares and other information from a targeted AD environment.

Our example did not involve a high-value target, and the environment was wiped within two or three hours after the initial infection. In this example, no follow-up ransomware was sent after the reconnaissance.

## Conclusion

This case study reveals one example of an initial malware infection moving to Cobalt Strike, followed by reconnaissance activity. When attackers use Cobalt Strike, they can also perform other types of reconnaissance in an AD environment.

If the AD environment is a high-value target, the attacker's next step is lateral movement and gaining access to the domain controller and other servers within the network.

This is a common pattern seen before attackers hit an organization with ransomware.

Organizations with decent spam filtering, proper system administration and up-to-date Windows hosts have a much lower risk of infection. Palo Alto Networks customers are further protected from this threat. Our Threat Prevention security subscription for the Next-Generation Firewall detects this and similar BazarLoader samples. Endpoint detection like [Cortex XDR](https://www.paloaltonetworks.com/cortex/10-must-have-for-detection-and-response-forbes) can prevent Cobalt Strike activity and criminal access to your network.

Palo Alto Networks has shared these findings, including file samples and indicators of compromise, with our fellow Cyber Threat Alliance members. CTA members use this intelligence to rapidly deploy protections to their customers and to systematically disrupt malicious cyber actors. Learn more about the [Cyber Threat Alliance](https://www.cyberthreatalliance.org).

### Indicators of Compromise

Excel file with macros for BazarLoader, SHA256 hash:  
8662d511c7f1bef3a6e4f6d72965760345b57ddf0de5d3e6eae4e610216a39c1  
File size: 332,087 bytes  
File name: Documents new.xlsb

Malicious DLL for BazarLoader retrieved by above Excel macro, SHA256 hash: caa03c25583ea24f566c2800986def73ca13458da6f9e888658f393d1d340ba1  
File size: 459,776 bytes  
Online location: hxxps://pawevi\[.\]com/lch5.dll  
Initial saved location: C:\\Users\\\[username\]\\tru.dll  
Final location: C:\\Users\\\[username\]\\AppData\\Local\\Temp\\Damp\\kibuyuink.exe  
Run method: regsvr32.exe /s \[filename\]

Malicious DLL for Cobalt Strike, SHA256 hash: 73b9d1f8e2234ef0902fca1b2427cbef756f2725f288f19edbdedf03c4cadab0  
File size: 443,904 bytes  
File location: C:\\Users\\\[username\]\\AppData\\Roaming\\nubqabmlkp.iowd  
Run method: rundll32.exe \[filename\],Entrypoint

ADfind command-line tool for enumerating AD environment, SHA256 hash: b1102ed4bca6dae6f2f498ade2f73f76af527fa803f0e0b46e100d4cf5150682  
File size: 1,394,176 bytes  
File location: C:\\ProgramData\\AdFind.exe

Batch file to run ADfind, SHA256 hash: 1e7737a57552b0b32356f5e54dd84a9ae85bb3acff05ef5d52aabaa996282dfb  
File size: 385 bytes  
File location: C:\\ProgramData\\adf.bat

Contents of adf.bat:

adfind.exe -f "(objectcategory=person)" \> ad\_users.txt  
adfind.exe -f "objectcategory=computer" \> ad\_computers.txt  
adfind.exe -f "(objectcategory=organizationalUnit)" \> ad\_ous.txt  
adfind.exe -sc trustdmp \> trustdmp.txt  
adfind.exe -subnets -f (objectCategory=subnet)\> subnets.txt  
adfind.exe -f "(objectcategory=group)" \> ad\_group.txt  
adfind.exe -gcb -sc trustdmp \> trustdmp.txt

### Additional Resources

[BazarCall Method: Call Centers Help Spread BazarLoader Malware](https://unit42.paloaltonetworks.com/bazarloader-malware/) -- Unit 42, Palo Alto Networks  
[TA551 BazarLoader to Cobalt Strike](https://isc.sans.edu/forums/diary/TA551+Shathak+continues+pushing+BazarLoader+infections+lead+to+Cobalt+Strike/27738/) -- Internet Storm Center  
["Stolen Images Evidence" BazarLoader to Cobalt Strike](https://twitter.com/Unit42_Intel/status/1424829355704922114) -- @Unit42\_Intel  
["Stolen Images Evidence"](https://twitter.com/Unit42_Intel/status/1424829355704922114) [BazarLoader to Cobalt Strike](https://www.malware-traffic-analysis.net/2021/08/12/index.html) -- malware-traffic-analysis.net  
[Stolen Images Evidence" BazarLoader to Cobalt Strike to PrintNightmare](https://twitter.com/Unit42_Intel/status/1421117403644186629/photo/1) -- @Unit42\_Intel  
[BazarLoader to Cobalt Strike](https://twitter.com/Unit42_Intel/status/1379875382699167752) -- @Unit42\_Intel  
[BazarLoader to Cobalt Strike to Anchor malware](https://isc.sans.edu/forums/diary/April+2021+Forensic+Quiz+Answers+and+Analysis/27308/) -- Internet Storm Center  
[TA551 BazarLoader to Cobalt Strike](https://www.malware-traffic-analysis.net/2021/07/21/index.html) -- malware-traffic-analysis.net
Back to top

### Tags

* [BazaLoader](https://unit42.paloaltonetworks.com/tag/bazaloader/ "BazaLoader")
* [BazarLoader](https://unit42.paloaltonetworks.com/tag/bazarloader/ "BazarLoader")
* [Cobalt Strike](https://unit42.paloaltonetworks.com/tag/cobalt-strike/ "Cobalt Strike")
* [Cobalt Strike macros](https://unit42.paloaltonetworks.com/tag/cobalt-strike-macros/ "Cobalt Strike macros")  
  [Threat Research Center](https://unit42.paloaltonetworks.com "Threat Research") [Next: Attackers Are Taking Advantage of the Open-Source Service Interactsh for Malicious Purposes](https://unit42.paloaltonetworks.com/exploits-interactsh/ "Attackers Are Taking Advantage of the Open-Source Service Interactsh for Malicious Purposes")

### Table of Contents

* 

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* [Microsoft Teams](https://unit42.paloaltonetworks.com/tag/microsoft-teams/ "Microsoft Teams")  
  [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/spring-ring-voice-phishing-campaigns/ "Spring Ring: An Inside Look at Voice Phishing Campaigns in Microsoft Teams")  
  ![Pictorial representation of AI-enabled malware. A vibrant digital interface displaying various icons and graphs, resembling a futuristic network or data analysis dashboard. The scene is illuminated with glowing lights and patterns.](https://unit42.paloaltonetworks.com/wp-content/uploads/2026/08/AdobeStock_1270203474-2-1-786x368.png)  
  [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2024/06/icon-threat-research.svg)Threat Research](https://unit42.paloaltonetworks.com/category/threat-research/) August 25, 2026 [#### The State of AI-Enabled Malware August 2026: From Brand Abuse to Agentic Execution](https://unit42.paloaltonetworks.com/ai-enabled-malware-analysis/)

* [Backdoor](https://unit42.paloaltonetworks.com/tag/backdoor/ "backdoor")

* [Bitcoin](https://unit42.paloaltonetworks.com/tag/bitcoin/ "Bitcoin")

* [DLL hijacking](https://unit42.paloaltonetworks.com/tag/dll-hijacking/ "DLL hijacking")  
  [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/ai-enabled-malware-analysis/ "The State of AI-Enabled Malware August 2026: From Brand Abuse to Agentic Execution")  
  ![Pictorial representation of identity abuse through trusted communication channels. Close-up view of a digital screen displaying a glitched and pixelated image of a skull-like shape.](https://unit42.paloaltonetworks.com/wp-content/uploads/2026/08/02_Malware_Category_1920x900-2-786x368.jpg)  
  [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2024/06/icon-threat-research.svg)Threat Research](https://unit42.paloaltonetworks.com/category/threat-research/) August 20, 2026 [#### Identity Abuse Through Trusted Communication Channels](https://unit42.paloaltonetworks.com/communication-channel-identity-risks/)

* [Authentication](https://unit42.paloaltonetworks.com/tag/authentication/ "authentication")

* [Identity theft](https://unit42.paloaltonetworks.com/tag/identity-theft/ "identity theft")

* [Malware](https://unit42.paloaltonetworks.com/tag/malware/ "malware")  
  [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/communication-channel-identity-risks/ "Identity Abuse Through Trusted Communication Channels")  
  ![Pictorial representation of Kimwolf botnet malware family. Digital screen with a warning sign reading "Malware." The background features lines of computer code and graphics, creating a sense of cybersecurity threat.](https://unit42.paloaltonetworks.com/wp-content/uploads/2026/08/07_Malware_Category_1920x900-3-786x368.jpg)  
  [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2024/06/icon-threat-research.svg)Threat Research](https://unit42.paloaltonetworks.com/category/threat-research/) August 11, 2026 [#### Kimwolf v7: An Evolution of the Kimwolf Botnet](https://unit42.paloaltonetworks.com/kimwolf-v7-botnet-malware/)

* [Android APK](https://unit42.paloaltonetworks.com/tag/android-apk/ "Android APK")

* [Ethereum](https://unit42.paloaltonetworks.com/tag/ethereum/ "Ethereum")

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  [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/kimwolf-v7-botnet-malware/ "Kimwolf v7: An Evolution of the Kimwolf Botnet")  
  ![Pictorial representatiom pf Aeternum's blockchain C2. A close-up of a computer circuit board with a central microchip is depicted. Red digital data streams in the form of glowing binary numbers and arrows appear to flow in and out of the chip. The scene is illuminated with a futuristic blue and red glow.](https://unit42.paloaltonetworks.com/wp-content/uploads/2026/08/04_Malware_Category_1920x900-4-786x368.jpg)  
  [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2024/06/icon-threat-research.svg)Threat Research](https://unit42.paloaltonetworks.com/category/threat-research/) August 10, 2026 [#### The Permanent Threat: Analyzing Aeternum's Blockchain-Based C2 Operations and Communications](https://unit42.paloaltonetworks.com/aeternum-blockchain-c2-analysis/)

* [Aeternum](https://unit42.paloaltonetworks.com/tag/aeternum/ "Aeternum")

* [Infection chain](https://unit42.paloaltonetworks.com/tag/infection-chain/ "infection chain")

* [JSON](https://unit42.paloaltonetworks.com/tag/json/ "JSON")  
  [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/aeternum-blockchain-c2-analysis/ "The Permanent Threat: Analyzing Aeternum’s Blockchain-Based C2 Operations and Communications")  
  ![Pictorial representation of ChainDrop, a self-propagating npm worm. An artistic depiction of a digital workspace featuring an open laptop with a red virus on the screen.](https://unit42.paloaltonetworks.com/wp-content/uploads/2026/08/03_Malware_Category_1920x900-7-786x368.jpg)  
  [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2024/07/top-threats.svg)High Profile Threats](https://unit42.paloaltonetworks.com/category/top-cyberthreats/) August 6, 2026 [#### ChainDrop: Inside a Self-Propagating npm Worm](https://unit42.paloaltonetworks.com/chaindrop-npm-worm-analysis/)

* [Blockchain](https://unit42.paloaltonetworks.com/tag/blockchain/ "blockchain")

* [ChainDrop](https://unit42.paloaltonetworks.com/tag/chaindrop/ "ChainDrop")

* [Claude code](https://unit42.paloaltonetworks.com/tag/claude-code/ "Claude code")  
  [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/chaindrop-npm-worm-analysis/ "ChainDrop: Inside a Self-Propagating npm Worm")  
  ![Pictorial representation of Token-jacking. A person types on a laptop with multiple digital interface elements projected, including an "AI" icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2026/08/AdobeStock_1246251272-2-786x369.jpg)  
  [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2024/06/icon-threat-research.svg)Threat Research](https://unit42.paloaltonetworks.com/category/threat-research/) August 6, 2026 [#### Token Jacking: Cybercriminals Could Be Stealing Your AI Resources](https://unit42.paloaltonetworks.com/ai-token-jacking/)

* [AI API](https://unit42.paloaltonetworks.com/tag/ai-api/ "AI API")

* [AI gateway](https://unit42.paloaltonetworks.com/tag/ai-gateway/ "AI gateway")

* [API keys](https://unit42.paloaltonetworks.com/tag/api-keys/ "API keys")  
  [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/ai-token-jacking/ "Token Jacking: Cybercriminals Could Be Stealing Your AI Resources")

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