By Keerthi Chandrashekar (staff@latinospost.com) | First Posted: Oct 22, 2012 01:38 PM EDT

If you're looking to jailbreak your iPhone 5, there's some good and bad news. Bad news? You're going to need a developer account. Good news? Programmers are close to completing a tethered jailbreak for iOS 6 and the iPhone 5. 

The iPhone 5 has been out for a month now, and iPhone 5 users are already clamoring for the ability to jailbreak the smartphone. 

PlanetBeing, a well known developer that's part of the Chronic Dev Team recently tweeted, "Upgraded the #failbreak with a kernel exploit so tweaks actually work on iPhone 5. :D Almost a full tethered JB, though need dev account."

A jailbroken smartphone is essentially free of any restrictions placed by the manufacturers. You can customize your iPhone as you see fit, and even run third-party apps that aren't available through the App store. Oh, and let's not forget that you should be able to use it via other carrier networks.

A tethered jailbreak means that you will need to jailbreak your iPhone 5 again if it crashes or dies due to the battery going flat. An untethered jailbreak would survive such scenarios, although don't expect one anytime soon.

Website TechRadar reports that the new chipset and operating system of the iPhone 5 are a couple of the reasons why the smartphone has been hard to crack. The iPhone 5 comes with a 4-inch Retina display, iOS 6, and an 8-megapixel rear-facing camera. The smartphone launched to unprecedented hype, and despite the initial round of complaints as with any tech release, continues to sell well. 

Stay tuned for updates as the iPhone 5 gets jailbroken, and what you'll be able to do with it.  

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