T1140 sits in the middle of the chain, after the encoded or fragmented payload has already survived delivery (phishing attachment, drive-by download, or a dropped secondary stage) and before execution proper. It exists specifically to defeat the static and signature-based scanning that runs at the delivery boundary: an antivirus engine or email gateway inspecting update.crt sees certificate-looking Base64, not a PE header, so the malicious content clears the gate encoded and only becomes detectable at decode time.
MITRE documents this as standard tradecraft across a wide actor set: APT28, APT39, FIN13, OilRig, menuPass, and Earth Lusca have all used certutil -decode to stage tools, while APT29, Kimsuky, and MuddyWater favor the PowerShell FromBase64String path. The 2025 Poland wiper attacks used Base64-encoded ZIP archives decoded on the endpoint, and the SolarWinds compromise decoded the Raindrop loader out of a 7-Zip archive. The consistent downstream move is execution, whether that means running the freshly decoded executable, loading a decoded DLL, or feeding decoded bytes into a script interpreter for in-memory execution.