It has been confirmed that Redsnow (RedSn0w) 0.9.6rc9 is compatible with the newly released iPhone 4.3.2. However, just like iPhone 4.3.2 pwnagetool Jailbreak, this one too is tethered in nature. RedSnow is available for both Windows and Mac platforms.
However, only those should use Redsn0w who do not rely on carrier unlock. Fine? Here are the instructions:
UPDATE – IPHONE 4.3.2 UNTETHERED Windows JAILBREAK instructions are up.
First, download iPhone 4.3.2 and iPhone 4.3.1 (download links given at the bottom of iPhone 4.3.1 Redsnow jailbreak post). Using iTunes, upgrade your iPhone’s firmware to the latest version (IOS 4.3.2).
Now download Redsnow for iPhone. Start Redsn0w and browse for the 4.3.1 firmware. Click on “install cydia” and then click on the “next” button. Turn off your iPhone and plug it in. Click next.
Now, you will be told to put your iPhone into DFU mode. To do that – hold the power button for 1 second and then while holding it, press the home button as well. Then, after few seconds, while holding the home button, release the power button. Installation should begin now.
Relax while the Redsnow does the job for you. After the process has completed, your iPhone will restart. Wait, we are not done yet.
Select “just boot tethered right now”.
That is it. Pat yourself now and smile.
Update – Apple has released iOS 4.3.3 and I have already posted jailbreak guide for iPhone 4.3.3. Make sure to check it out.