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Re:Architecture of the Playstation 2 by ThatPlayer on Tuesday February 23, 2021 @08:19PM (#26245424)
For homebrew exploits, there was also a new one discovered and implemented last year, called FreeDVDBoot. The newest model of the PS2 Slim fixed the memory card exploit, and this new exploit doesn't require a modchip or any other hardware modification.

https://github.com/CTurt/FreeDVDBoot

Re:Architecture of the Playstation 2 by uyjulian on Wednesday February 24, 2021 @12:18AM (#26246847)
There also exists the "Fortuna" exploit (and also recently reimplemented and documented as open source "OpenTuna"), which uses a buffer overflow in the memory card icon reading code, providing a disc-less exploit for the later models of PS2 (including the "PS2 TV", aka the Sony Bravia KDL-22PX300 television set including a built-in PS2 console)

With FreeMCBoot and Fortuna, all PS2 consoles can be exploited from boot time. With FreeDVDBoot, it provides a convenient entrypoint to install the aforementioned exploits.