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“We are aware of this, and are currently looking into it,” Sony told us in a brief statement. “We will fix the issues through network updates, but because this is a security issue, we are not able to provide you with any more details.”

Sony’s response is at odds with comments given to the BBC yesterday by fail0verflow member pytey, who said: “The complete console is compromised – there is no way back.

“The only way to fix this is to issue new hardware. Sony will have to accept this.”

Both fail0verflow and GeoHot are staunchly anti-piracy, and have not released any tools that directly enable the playing of copied games, but it is widely expected that piracy will soon be rife on what was, until very recently, considered to be the most secure console ever released.

Source