diff --git a/NEWS b/NEWS
index a14b29d1b63..cd0bc930df1 100644
--- a/NEWS
+++ b/NEWS
@@ -5,6 +5,8 @@ PHP                                                                        NEWS
 - Core:
   . Fixed bug GH-11507 (String concatenation performance regression in 8.3).
     (nielsdos)
+  . Fixed oss-fuzz #60011 (Mis-compilation of by-reference nullsafe operator).
+    (ilutov)
 
 - DOM:
   . Fixed bug GH-11500 (Namespace reuse in createElementNS() generates wrong
diff --git a/Zend/tests/oss_fuzz_60011_1.phpt b/Zend/tests/oss_fuzz_60011_1.phpt
new file mode 100644
index 00000000000..cb55b32a5bc
--- /dev/null
+++ b/Zend/tests/oss_fuzz_60011_1.phpt
@@ -0,0 +1,8 @@
+--TEST--
+oss-fuzz #60011 (Incorrect order of instruction with nullsafe operator)
+--FILE--
+<?php
+[&$y]=$y->y?->y;
+?>
+--EXPECTF--
+Fatal error: Cannot take reference of a nullsafe chain in %s on line %d
diff --git a/Zend/tests/oss_fuzz_60011_2.phpt b/Zend/tests/oss_fuzz_60011_2.phpt
new file mode 100644
index 00000000000..8c6880e358e
--- /dev/null
+++ b/Zend/tests/oss_fuzz_60011_2.phpt
@@ -0,0 +1,8 @@
+--TEST--
+oss-fuzz #60011 (Incorrect order of instruction with nullsafe operator)
+--FILE--
+<?php
+[&$y]=$y?->y->y;
+?>
+--EXPECTF--
+Fatal error: Cannot take reference of a nullsafe chain in %s on line %d
diff --git a/Zend/zend_compile.c b/Zend/zend_compile.c
index 21fc22e7314..ced2b5ec91a 100644
--- a/Zend/zend_compile.c
+++ b/Zend/zend_compile.c
@@ -3372,6 +3372,9 @@ static void zend_compile_assign(znode *result, zend_ast *ast) /* {{{ */
 				if (!zend_is_variable_or_call(expr_ast)) {
 					zend_error_noreturn(E_COMPILE_ERROR,
 						"Cannot assign reference to non referenceable value");
+				} else if (zend_ast_is_short_circuited(expr_ast)) {
+					zend_error_noreturn(E_COMPILE_ERROR,
+						"Cannot take reference of a nullsafe chain");
 				}
 
 				zend_compile_var(&expr_node, expr_ast, BP_VAR_W, 1);