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As some recent events indicate, the community is beginning to make headway in cracking open Sony’s PlayStation 3 console. The PS3News site’s dev has announced that they have successfully decrypted ELF file from a PS3 game disc. Quoting CJPC’s post regarding the details:

This removes BOTH the disc layer of encryption on the EBOOT.BIN, as well as the file layer of encryption.

PlayStation 3: Game disc ELF file decrypted - Image 1

Aside from the announcement, the dev team also states that they’ve successfully downgraded a PS3 without using a previous flash dump backup. That’s all the information we’ve picked up so far regarding this ongoing project. Drop by again in case we receive word of any related updates.