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Can anyone explain the purpose of this?
It's essentially malware. It'd be more useful if it used the string that displays the IMEI of the vulnerable device, but the author has unfortunately chosen a more destructive route.

As a side note the author works at GoCardless.com, a YC-alumnus. Quite embarrassing.

I don't think the writers employer has anything to do with it.

I'm sure malware writers have been employed by everything from charities to hospitals.

Why would you package this up for convenient deployment? Don't be a jackass. Take it down.
Wow, not only is there NO constructive reason for creating or publishing this, but what an over-engineered technique, jeesh.
I'm actually at a loss for words... a single html tag can reset a phone to factory default? And it doesn't even look like a defect, just an oversight.