The release of the new custom firmware – and the LV0 decryption keys in particular – poses serious issues. While Sony will almost certainly change the PSN passphrase once again in the upcoming 4.30 update, the reveal of the LV0 key basically means that any system update released by Sony going forward can be decrypted with little or no effort whatsoever. Options Sony has in battling this leak are limited – every PS3 out there needs to be able to decrypt any firmware download package in order for the console to be updated (a 2006 launch PS3 can still update directly to the latest software). The release of the LV0 key allows for that to be achieved on PC, with the CoreOS and XMB files then re-encrypted using the existing 3.55 keys in order to be run on hacked consoles.
Bucktown Bell
Cut to the chase.
