Hacking PS3 Jailbreak now ONLINE

-K1-

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well according to the psjailbreak team you can now downgrade your firmware if your on 3.42 or 3.50
if you google psdowngrade you'll find the information for it
 

Cyan

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Downgrading is reinstalling all the PS3 factory clean, you lose everything if you don't do a backup of your data first.
Then, I don't know if the backup'd data will work on the new system, as I don't know if the crypt key is hardware or regenerated after each factory installation.

I didn't see any report yet about data restoration after a downgrade.

Here is a video of the downgrade process.
 

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