A hacker has finally managed to completely crack Sony's PlayStation 3 console, allowing users to run custom firmware and pirated games without restrictions.
Hacker George 'Geohot' Hotz, who is famous for jailbreaking Apple's iOS, has managed to decrypt the 'root key' used to authorise software on the platform that prevented users from installing unauthorised software on the PS3 and has posted it for every one to use.)
Kotaku reports that the hack could also be connected to hacking group fail0verflow who develop 'homebrew' software for PS3s.
With the root key cracked users and hackers will now not only be able to run 'homebrews' and custom made firmware on the platform, but will also be able to play pirated games, circumventing Sony's in-built security measures. In using the hack, users risk voiding the device's warranty.
Experts believe that Sony will not be able to change the master root key without risking making most legitimate programs on the platform completely inaccessible. Experts also claim that the latest PS3 hack is unlikely to be be unaffected by future software updates.