You've probably already read about this latest PlayStation 3 exploit on other sites, but what you probably didn't know is that these sites either copy and paste the exploit (and most of their other news), remove the authors credits (or pretend to be the author) and publish it on their page so the general public that are stupid enough to abide by their rules (or help them steal other sceners work - see the "comments" link below) believe they had something to do with the exploit.
Well, you know we here at T e h Skeen look down on these types of scene leechers and always try to provide you with the right story, the correct links and give credit to the person(s) responsible for the files, tools, guides, tutorials, exploits, etc. Anyway, Waisted (aka placasoft) the original source of the latest PS3 Exploit has published a guide, or should we say "
HIS GUIDE" on his Waisted website pertaining to his latest PS3 Exploit.
The exploit is pretty straight forward. The new Warhawk Beta game goes out on the Internet to grab some files it then executes. Using some old school DNS spoofing you are able to have it grab any file you wish to run, but due to encryption the file(s) won't execute. If the encryption is broken this exploit could potentially lead to the execution of arbitrary code (homebrew). It's a long shot, but hopefully we'll see some homebrew on the PS3 some day.
Official Source:
http://waisted-ps3.b l o g s p o t . c o m /2007/06/ps3-exploit-17-181-tutorial-win32.html