We have just heard that famous jailbreak hacker P0sixninja has just announced to leave the Chronic Dev-Team. Now iJailbreak have discovered more details behind the story: it seems P0sixninja was over exaggerating considering he was selling an important exploit and also an iPhone 4 for a measly $50.

This exploit is called iBoot 0day, it was a $50,000 exploit and now P0sixninja would like to sell it for $50! As noted by iJailbreak iBoot 0day is a more important exploit than you might think! This is because the exploit has the possibility to Jailbreak all iOS devices running the iOS 6 firmware untethered including the next-generation iPhone and the 1080p Apple TV 3G.

Unfortunately the iBoot 0day exploit appears to be an exploit that is patchable by Apple with simply a firmware update. This means that it is essential the exploit does not become leaked or Apple could patch the exploit by the time Apple actually releases the final version of iOS 6.

And guess what, in the end, iJailbreak found it that P0sixninja made the deal with a programmer named James Magahern or @buzzert on Twitter, which has been discovered that he actually got rid of his employment at Apple previous to purchasing the exploit and iPhone combo from P0sixninja.

If the exploit does fall into the hands of Apple, that means it will take much longer to Jailbreak the next-generation iPhone, 1080p Apple TV 3G and other iOS devices untethered running iOS 6. We hope that would not be true.

So far, the only thing we can do is wait and see P0sixninja's presence on next months jailbreak event, JailbreakCon. We will keep you updated with anything new then.

via iJailbreak