Obsidian Plugin Abuse Delivered PhantomPulse RAT to Finance and Crypto Targets
Attackers targeted individuals in the financial and cryptocurrency sectors by posing as a venture capital firm on LinkedIn and shifting conversations to Telegram, where they lured victims into opening an attacker-controlled Obsidian vault. The campaign, tracked as REF6598, did not rely on a software vulnerability; instead, it abused Obsidian’s community plugin synchronization to deliver trojanized Shell Commands and Hider plugins that executed attacker-defined code when enabled.
On Windows, the infection chain downloaded a PowerShell stage that deployed PHANTOMPULL, an in-memory loader used to decrypt and reflectively load the previously undocumented PHANTOMPULSE RAT. On macOS, victims received a multi-stage obfuscated AppleScript dropper that established LaunchAgent persistence and used Telegram as a fallback command-and-control channel. Researchers said PHANTOMPULSE supports process injection, keylogging, screenshots, telemetry collection, and privilege escalation, while resolving C2 through Ethereum transaction data; they also identified a flaw in that blockchain-based mechanism that could let defenders hijack infected implants by publishing a newer crafted transaction to the monitored wallet.

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How this story unfolded
3 events from the most recent confirmed update back to the earliest known activity.
Elastic detects and blocks the intrusion and publishes technical findings
Elastic Security Labs reported that Elastic Defend detected and blocked the observed attack early. The researchers publicly documented the REF6598 campaign, PHANTOMPULSE capabilities, related infrastructure, and a design flaw in the malware's blockchain-based C2 logic that could allow defenders to hijack infected implants.
Attackers deploy PHANTOMPULSE RAT through trojanized Obsidian plugins
In the observed intrusion chain, trojanized Shell Commands and Hider plugins executed malware on both Windows and macOS. On Windows, the chain used PowerShell and the PHANTOMPULL in-memory loader to deploy the previously undocumented PHANTOMPULSE RAT, while macOS infections used an obfuscated AppleScript dropper with LaunchAgent persistence and Telegram fallback C2.
REF6598 campaign targets finance and crypto professionals via Obsidian lures
Attackers conducted a targeted social-engineering campaign against individuals in the financial and cryptocurrency sectors, impersonating a venture capital firm on LinkedIn and Telegram. Victims were lured into opening an attacker-controlled cloud-hosted Obsidian vault and enabling community plugin sync to trigger malicious code execution.
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Sources
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Obsidian Plugin Abuse Delivers PHANTOMPULSE RAT in Targeted Finance, Crypto Attacks
thehackernews.com
Open sourceHackers Weaponize Obsidian Shell Commands Plugin to Launch Cross-Platform Malware Attacks
cybersecuritynews.com
Open sourcePhantom in the vault: Obsidian abused to deliver PhantomPulse RAT - Elastic Security Labs
elastic.co
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