diff --git a/Zend/tests/oss_fuzz_417078295.phpt b/Zend/tests/oss_fuzz_417078295.phpt
new file mode 100644
index 0000000000000..6e53f9478e137
--- /dev/null
+++ b/Zend/tests/oss_fuzz_417078295.phpt
@@ -0,0 +1,17 @@
+--TEST--
+OSS-Fuzz #417078295
+--FILE--
+<?php
+
+function foo() {
+    $a = new stdClass();
+    static $a = $a;
+    debug_zval_dump($a);
+}
+
+foo();
+
+?>
+--EXPECT--
+object(stdClass)#1 (0) refcount(2){
+}
diff --git a/Zend/zend_vm_def.h b/Zend/zend_vm_def.h
index 53aa7a821f697..74182f98dff37 100644
--- a/Zend/zend_vm_def.h
+++ b/Zend/zend_vm_def.h
@@ -8980,7 +8980,6 @@ ZEND_VM_HANDLER(183, ZEND_BIND_STATIC, CV, ANY, REF)
 	value = (zval*)((char*)ht->arData + (opline->extended_value & ~(ZEND_BIND_REF|ZEND_BIND_IMPLICIT|ZEND_BIND_EXPLICIT)));
 
 	if (opline->extended_value & ZEND_BIND_REF) {
-		i_zval_ptr_dtor(variable_ptr);
 		if (UNEXPECTED(!Z_ISREF_P(value))) {
 			zend_reference *ref = (zend_reference*)emalloc(sizeof(zend_reference));
 			GC_SET_REFCOUNT(ref, 2);
@@ -8995,9 +8994,11 @@ ZEND_VM_HANDLER(183, ZEND_BIND_STATIC, CV, ANY, REF)
 			ref->sources.ptr = NULL;
 			Z_REF_P(value) = ref;
 			Z_TYPE_INFO_P(value) = IS_REFERENCE_EX;
+			i_zval_ptr_dtor(variable_ptr);
 			ZVAL_REF(variable_ptr, ref);
 		} else {
 			Z_ADDREF_P(value);
+			i_zval_ptr_dtor(variable_ptr);
 			ZVAL_REF(variable_ptr, Z_REF_P(value));
 			if (OP2_TYPE != IS_UNUSED) {
 				FREE_OP2();
diff --git a/Zend/zend_vm_execute.h b/Zend/zend_vm_execute.h
index 2c86a94134c08..5dfe89015a7c8 100644
--- a/Zend/zend_vm_execute.h
+++ b/Zend/zend_vm_execute.h
@@ -40548,7 +40548,6 @@ static ZEND_OPCODE_HANDLER_RET ZEND_FASTCALL ZEND_BIND_STATIC_SPEC_CV_HANDLER(ZE
 	value = (zval*)((char*)ht->arData + (opline->extended_value & ~(ZEND_BIND_REF|ZEND_BIND_IMPLICIT|ZEND_BIND_EXPLICIT)));
 
 	if (opline->extended_value & ZEND_BIND_REF) {
-		i_zval_ptr_dtor(variable_ptr);
 		if (UNEXPECTED(!Z_ISREF_P(value))) {
 			zend_reference *ref = (zend_reference*)emalloc(sizeof(zend_reference));
 			GC_SET_REFCOUNT(ref, 2);
@@ -40563,9 +40562,11 @@ static ZEND_OPCODE_HANDLER_RET ZEND_FASTCALL ZEND_BIND_STATIC_SPEC_CV_HANDLER(ZE
 			ref->sources.ptr = NULL;
 			Z_REF_P(value) = ref;
 			Z_TYPE_INFO_P(value) = IS_REFERENCE_EX;
+			i_zval_ptr_dtor(variable_ptr);
 			ZVAL_REF(variable_ptr, ref);
 		} else {
 			Z_ADDREF_P(value);
+			i_zval_ptr_dtor(variable_ptr);
 			ZVAL_REF(variable_ptr, Z_REF_P(value));
 			if (opline->op2_type != IS_UNUSED) {
 				FREE_OP(opline->op2_type, opline->op2.var);