Musclenerd has confirmed the release of Limera1n Jailbreak for Verizon iPhone 4 on the day if its release , on 10th February 2011 . Apple released iOS 4.2.6 iOS firmware for Verizon iPhone 4 last day which was jailbroken successfully with Limera1n [tethered] as soon as it was seeded.
Iphone Dev Team confirmed that the jailbreak will give lifetime jailbreak solution for early buyers of CDMA iPhone 4. Interestingly Apple did not fix the exploit in the revised hardware of CDMA iPhone , leaving the phone vulnerable to earlier exploit from Geohot which still continue to work .
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Edited and Published by Sourish