UPDATED: This video has been confirmed fake… It has been confirmed that he simply used THIS to make it look like a legit hack. The creator of this video is a fake.

A video has popped up now that shows the iPhone 4 running iOS 4.2.1 with an UNTETHERED JAILBREAK and also UNLOCKED with modem firmware 03.10.01. He proves that the phone is unlocked, by dialing 611 from his iPhone, and being brought to T-Mobile’s Customer Service.

His name (or alias) is nerd_v3n0m and he has released the video you see below. This means, without a shadow of a doubt, that the jailbreak and unlock for the iPhone 4 is pretty much done, and ready. There may be some bugs still, but because he never speaks in the video, we cannot know for sure.

iOS 4.2.1 Untethered JB & baseband 03.10.01 Unlocked

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