Geohot says in the audio clip that he found an exploit to go from mobile to root.
"There is a trick to get out of the sandbox as the root. So then I root out of the sandbox and once I root out of the sandbox, I have a kernel exploit. Which is, it's Josh's vulnerability. You know there's a big difference between a vulnerability and an exploit. It's a nice vulnerability."
You can't use the kernel exploit without an ASLR defeat. And Geohot said he had an exploit for that too.
At the time, Geohot had 4 out of 6 of the exploits necessary for a jailbreak. The two he did not have were the code signing one and a residency exploit. However, he said if the developer certs were provided he would take care of the other.
It's believed that the Evad3rs rushed out their jailbreak to beat Geohot to the pay day. Geohot was asking $350,000 for his jailbreak. However, the Evad3rs may have received $1,000,000.
On an unverified Twitter account, Geohot reportedly commented saying, "sale was never going to happen, after speaking with lawyers. actually registered the new ra1n domain last night, who can find it? :P"
"but congrats to evad3rs, i can't always win :p"
Take a listen to the audio clip below! And please follow iClarified on Twitter, Facebook, Google+, or RSS for the latest jailbreak news and tutorials.