PSjailbreak Easily Dumped?
There are reports on other websites that the chip inside PS Jailbreak has been identified and, according to Twitter posts, can be easily dumped. It is important to note that the individuals who are the source of this information do not even have dongles in their possession. We strongly suggest taking any such information with a grain of salt, since it's clear that every "scene" site on the internet is just scrambling to drum up traffic in the wake of our exclusive unveiling of the world's first PS3 modchip. When there are actual FACTS and PROOF to report, you will read them here.
In addition, the PS Jailbreak Team insist that protections are built into the dongle to prevent this sort of thing.