Now that the iOS 4.3.2 firmware update is out, everyone in the jailbreak community is curious to know the state of jailbreak and unlock development. Fortunately, Apple team has not fixed the untethered exploit in today’s iOS 4.3.2 update. The untethered jailbreak tool was released soon after the finalization of the new firmware at Cupertino labs, so Apple’s developers couldn’t get much time to patch the security hole.
However, this doesn’t mean that they won’t fix it in the future. According to iPhone hacker, MuscleNerd, Apple has taken aggressive approach towards untethered jailbreaks -
Apple sure is aggressively patching these untethered jailbreaks lately (but that’s still better than lawsuits)
So what should you do now? First, use TinyUmbrella tool to save SHSH blobs of iOS 4.3.1 firmware. It will help you restore your iDevice to iOS 4.3.1 from any future firmware releases. Now, read the following information to jailbreak iOS 4.3.2 firmware.
iOS 4.3.2 Jailbreak
Since Apple has not patched the untethered exploit in iOS 4.3.2, there is still hope for those who have updated their devices to this firmware. The iPhone Dev team members have tested the latest firmware on different devices and have suggested that Redsn0w 0.9.6 RC12 (link below) can be used to get the tethered jailbreak on the devices. If you want untethered jailbreak on iOS 4.3.2 based devices, you will have to wait for some days. The hackers are developing untethered jailbreak for this new release, and it should come out soon.

MuscleNerd said -
last week’s redsn0w can JB 4.3.2 (if you point it at 4.3.1 IPSW) but that’s a tethered JB (doesn’t imply anything about @i0n1c’s untether)
PwnageTool 4.3.2 Bundles – In case you’re not familiar with this technique, you can deploy these bundles on PwnageTool to get the tethered jailbreak. Check here for more details.
iOS 4.3.2 Unlock
Stay away! Yes, those two words are enough to describe the iOS 4.3.2 unlock. If you’ve unlocked your iDevices with Ultrasn0w 1.2.1, you might get another update, Ultrasn0w 1.2.2, to bring unlock facility on updated devices.
If you think free unlock is not going to release anytime soon, give it a try to paid unlock at your own risk. The service providers claim it as a legitimate unlock, but Dev team and other hackers are not in favor of such unlocks.
That’s it for now! We will keep you updated as soon as we receive more information regarding the jailbreak and unlock. For those who haven’t jailbroken iOS 4.3.1 devices, use following tools.
Redsn0w 0.9.6 RC9/RC10/RC11/RC12 | PwnageTool 4.3 | Sn0wbreeze 2.5/2.5.1
Update: Download Redsn0w 0.9.6 RC13 to jailbreak iOS 4.3.2
Update 2: Download PwnageTool 4.3.2 to jailbreak iOS 4.3.2 & use Ultrasn0w 1.2.2 to unlock iPhones.
