Via the Associated Press:

AP—— The teenage hacker who found a way to unlock the iPhone so that the device would not be restricted to use solely on AT&T Inc.’s cellular networks will be trading his reworked gadget for a new car.

George Hotz, of Glen Rock, N.J., said he had reached the deal with CertiCell, a Louisville, Ky.-based mobile phone repair company.

Hotz posted on his blog that he traded his modified iPhone for a “sweet Nissan 350Z and (three) iPhones.”

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