The team of hackers responsible for the Wii’s Homebrew Channel, calling themselves fail0verflow have explained in a presentation at the Chaos Communication Conference. They have found a way to get the PS3 to reveal its own private cryptography key, allowing hackers to now not have to roll back to older firmware to break open their PS3 systems.
Fail0verflow have explained how they went about the discovery but haven’t as yet provided any proof of the Private Key and intends to release a proof-of-concept video tomorrow, publishing the tools to complete the PS3 hack on their website next month. Watch their presentation after the jump, the interesting stuff is about 33:00 minutes in.
This hack is designed not to enable PS3 game piracy, although this will make it now possible, but enable Linux to run on all PS3s, “whatever their firmware versions.” according to a Tweet by fail0verflow.