Recently, a German team of hackers known as failoverflowfound an exploit that could completely open up the PlayStation 3 console. Dubbed as “epic PS3 security bypass,” they found the method to calculate the security keys, which is just a Sony signature that lets the PS3 know whether the application they are trying to open is legit, or not. iPhone hacker George Hotz (aka GeoHot) has taken it to the next level by releasing the PS3 Root Key publicly along with a message thanking the failoverflow team. In his message he also mentioned that he doesn’t condone piracy and that it would “be fun to be on the other side” with console makers, helping them in making their consoles more secure.

props to fail0verflow for the asymmetric half
no donate link, just use this info wisely
i do not condone piracy

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

shouts to the guys who did PSL1GHT
without you, I couldn’t release this

Now that the root key is in the open, anyone can create their own applications, custom firmwares, or even pirated ISOs and the PS3 will work with them without any issues. The failoverflow team has said that this exploit will also make Linux run again on PS3 systems. This feature was previously removed by Sony after GeoHot had claimed he hacked the PS3. Lets see what the PlayStation 3 community can come up with now that the console security has been bypassed.

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[Source: GeoHot, PSX-Scene]