Dev Team has released newer version of redsnow that allows you to do untethered jailbreak on iOS 4.3.2. It is being said that it uses the same exploit as the one used in iOS 4.3.1. The jailbreak guide that we posted few days back (for mac and windows) is limited to tethered one. Also, those who rely on carrier unlock must not use RedSn0w. Infact, they should stay away from 4.3.2
First, download 4.3.2 for your iPhone and update your iPhone to 4.3.2 using iTunes. To force an update, hold down the shift button (CMD on mac) and click on Restore button.
Then, download the newest version of Redsnow app (links given at the bottom of this post). Start it and browse for the official 4.3.2 IPSW file.
Then, select Install Cydia. Click on Next.
Turn off (completely off) the iPhone and then plug it into the computer. After plugging it in, click on Next. Now you will be told to enter 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.
Wait for sometime for the RedSn0w / redsnow to do the magic. Your iPhone will restart automatically and in the end, you will have a fully jailbroken untethered firmware of 4.3.2.
[redsnow download link – windows version | mac version]
Update – iPhone 4.3.3 windows jailbreak guide (tethered) is now up