What this does:
It downloads a remote JavaScript payload from an IPFS gateway (Pinata). Executes the downloaded code using new Function(...), giving it full access to Node.js require. This is a classic remote code execution (RCE) backdoor. The payload can steal environment variables (.env secrets, API keys, database credentials), install malware, open a backdoor, or exfiltrate data.
Recommendation:
Do not run this code on any server or local machine.