As per the PoC, yes — this is the usual Java Deserialization RCE where it’ll instantiate arbitrary classes. Java serialization really is a gift that keeps on giving.
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The "fix" in question also screams "delete this crap immediately": https://github.com/wgtmac/parquet-mr/commit/d185f867c1eb968a...
That’s a smaller attack window but it’s still not zero.
Static initializers used to load on Classloader calls.