No, we here at Coolest Gadgets aren’t holding a competition of any kind, but are just passed the word that $100,000 in cash will be offered for the right to freely distribute the iPhone unlocking software onto the Internet. Needless to say, full credit will be given to the creator(s) during the proposed release date of Wednesday night (the time zone is unspecified). No idea on who is offering the dough nor how payment is supposed to be made since only a single email address has been posted. I wonder how far Apple and AT&T will go to counter this campaign, as losing exclusivity to the iPhone would certainly hurt the pockets of AT&T.

Source: Engadget