34w ago - Following up on the recent explanation by marcan42 (scroll down), today PlayStation 3 and Vita hacker wololo has added some clarification of his own below.

To quote from his blog (linked above): PS3 Blown open, Scene chaos, LV0 keys Leaked and Working!

Leaks, chaos and drama have been something common, and on the heels of the PSVita chaos comes the PS3s turn with both good and bad news. This event is so huge that it will completely change the PS3 hacking scene and leave Sony in the wake.

Sony will be turning in their graves today as the PS3 has been basically blown wide open thanks to other events leading up to that. In the wake of this leaves Sony in huge trouble and mostly exhausted due to the amount of progress the hacking scene has made on their devices especially with the recent Psvita PSP EMU kernel exploit.

It’s been absolute chaos in the PS3 scene for the last few days and fair enough to say has been chaotic over the last few years. Ill break down what happened and what this means for the developers and users, keep reading...

Background Information

The similarity in events is extremely blatant but its started...