George Hotz unlock iPhone

Yesterday, at the MySQL Camp II, I heard conversations about George Hotz, a 17 year old New Jersey resident, who has successfully hacked and unlocked iPhone so it can be used on any GSM network. Hotz has now published the meticulous and complex details on his blog. He put the world's second unlocked iPhone on eBay. When the amount of bids got into millions, he apparently considered them fraudulent and canceled the bids. George Hotz ended up trading his iPhone for a frigging cool Nissan 350z and 3 8GB iPhones.