Recent developments in the PS3 hacking scene has come with a real surprise, hackers at fail0verflow are claiming that they have figured out the “Private Key” used for code authorization that allows for application installation on PS3 systems which means they now have full PS3 system access at the highest level and as this is kind of a master key, the exploit is permanent.
This is not the first time Playstation 3 system got hacked, it was previously hacked via USB and was soon patched by a new PS3 firmware update, but this new exploit is a major one and we are waiting for Sony’s reaction to this. Soon more information will be available on fail0verflow website.
Once the exploit is publicly released you will be able to run Linux irrespective of your PS3’s firmware version, homebrews and even PS3 game backups which is an obvious side effect.
PS3 Hack Tools Release Date
According to fail0verflow’s twitter account, PS3 hacking tools will be released in January 2011.
Interesting Presentation Videos at the 27C3 conference – via psgroove
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