An anonymous reader writes "PS3 security has compromised again!
The holy grail of the PS3 security encryption keys, LV0 keys, has found and already leaked on the wild.
For the homebrew community this means deeper access to the PS3: the possibility of custom (or modified) firmware up to the most recent and future coming ones, possibility of bypassing PS3 hypervisor for installing GNU Linux with full hardware access, dual firmware booting, homebrew advanced recovery (on the molds of Bootmii on Wii), and more.
It might lead to more rampant piracy too, because the LV0 keys could facilitate the discovering of the newer games encryption keys, the ones that require newer firmwares.
But mostly of that’s features will only work on old models, because on newer ones (after the fail0verflow fiasco) Sony have put differently LV0 keys."Link to Original Source