Hey folks you all must be aware of Geo Hots new work on PS3. He was first on iDevices then he shifted to PS3 suddenly. The hack was first started by Fail0verflow.

Fail0verflow discovered and released two things:

  • An exploit in the revocation list parsing, enabling us to dump a bunch of loaders, and thus their decryption keys
  • A humongous screwup by Sony, enabling us to calculate their private signing keys for all of those loaders, and thus sign anything to be loaded by those loaders.

With these keys we could decrypt firmware and sign our own firmware. And since the revocation is useless and the lame “anti-downgrade” protection is also easily bypassed, this already enables hardware-based hacks and downgrades forever. Basically, homebrew/Linux on every currently manufactured PS3, through software means now, and through hardware means (flasher/modchip) forever, regardless of what Sony tries to do with future firmwares.

The team has updated their PS3 Tools with a few new ones recently, as well as updated a few of their existing ones. In addition to the tool updates, marcan, the principal member of fail0verflow, has taken a moment to clarify some of his team’s work. He also issued a direct response to GeoHot‘s recent Metldr work, which relied heavily on his team’s work.
The team has updated a few of their existing tools as well. Some people, have been reporting issues with fail0verflow’s makeself tool. Well, the pleas did not go unanswered, as the team has updated their SELF signing tool with several fixes. However, the tool is still not working 100% correctly yet, but progress is being made.
This is what Geo Hot said on his web.
if you want your next console to be secure, get in touch with me. any of you 3.
it’d be fun to be on the other side.

…and this is a real self, hello world
although it’s not NPDRM, so it won’t run off the hard drive
shouts to the guys who did PSL1GHT
without you, I couldn’t release this

first piece of homebrew you can run
put in service mode, put on usb stick, boot

So we can expect a useless console now worth to buy it. Now we can play games directly from Hard Disk via PS3. The Drama Boy first Pwned Apple with Blackra1n then Limera1n, now he is on to PS3 and he has Pwned Sony Play Station 3.
Looks like Sony PlayStation Manufactures will need some more good hackers in order to stop this Jailbreak Stuff.