Pod2g announced a short while back about what has been happening recently amongst the developers. Apparently Pod2g has been working together with Onaj and p0sixninja on an untethered jailbreak for the iOS 4.2.1. The problem is the video shared doesn’t really demonstrate if this is untethered jailbreak is based on the bootrom exploit or is userland based.

We will be keeping our eyes on more updates as reports state that the Dev team might be in works to share something more useful.

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via iDeviceDaily