The dev team has done it again. They have released the latest version of ultrasn0w which is now capable of unlocking the iPhone 4!
Here are the steps you need to do:
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Jailbeak your iPhone 4 by visiting jailbreakme.com from the phone’s Safari browser.
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Once jailbroken, open Cydia and add the repository “repo666.ultrasn0w.com”.
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Search for and install ultrasn0w.
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Your phone is now unlocked!
The latest version supports unlocking of the following basebands:
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iPhone4 baseband 01.59
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3G/3GS basebands 04.26.08, 05.11.07, 05.12.01 and 05.13.04
Additionally, you can also go to jailbreakme.com to jailbreak any iPhone, iPod Touch, or iPad. The beauty with this method is that this works inside the Safari browser on your device. No PC or Mac is needed!
[via Dev-Team Blog]