In theory, the LV0 decryption keys make is easy to decode any system update to the PlayStation 3, Eurogamer writes. The LV0 keys allow PS3 firmware to be decrypted on PC, and then re-encrypted with firmware 3.55 keys to run on hacked consoles.
A group called "The Three Muskateers" takes responsibility for the LV0 keys, but not the leak itself. That's all thanks to a new Chinese hacking group, "BlueDiskCFW," who planned to release and charge for custom firmware updates using The Three Muskateers' LV0 keys. To stop BlueDiskCFW from profiting off the keys, the Muskateers released them.
"You can be sure that if it wouldn't have been for this leak, this key would never have seen the light of day," The Three Muskateers write in a statement. "Only the fear of our work being used by others to make money out of it has forced us to release this now."
Read the complete statement from The Three Muskateers, with the keys edited out, below.
People should know that crooked personalities are widespread in this so called 'scene'. Some people try to achieve something for fun together and make the wrong decision to trust others and share their results with them, but ofc there got to be the attention seeking fame wh*** that has to leak stuff to feel a little bit better about him-/herself. Now the catch is that it works like this in every 'scene', just that in others it usually doesn't come to light.The only sad thing is, that the others who worked on this won't get the attention they deserve because they probably want to remain anonymous (also they don't care about E-fame <3).
PS: This is neither about drama nor E-fame nor 'OMG WE HAZ BEEN FIRST', we just thought you should know that we're disappointed in certain people. You can be sure that if it wouldn't have been for this leak, this key would never have seen the light of day, only the fear of our work being used by others to make money out of it has forced us to release this now.
- The Three Musketeers