January 25, 2010 – Noted iPhone hacker George Hotz wrote on this personal blog he has cracked Sony's PlayStation 3 console, a process, he says, that took him five weeks.

“I have read/write access to the entire system memory, and HV level access to the processor. In other words, I have hacked the PS3,” he claims.

Since the console's release three years ago, hackers have been unsuccessful at cracking the PlayStation 3's strong security.

“It's supposed to be unhackable – but nothing is unhackable,” Hotz told BBC News. “I can now do whatever I want with the system. It's like I've got an awesome new power – I'm just not sure how to wield it.”

Holtz also said he is unwilling to reveal the exploit, saying it's “not really patchable,” but Sony can make implementations much harder.

A Sony spokesperson said the company is investigating the report and would clarify the situation as more information becomes available.