Well yes you read that right! The CDMA based Verizon iPhone 4 has been successfully unlocked to work on pay-as-you-go Cricket Wireless network.

According to a report by The Wall Street Journal, a Chinese carrier named China Telecom has managed to unlock the CDMA based Verizon iPhone to run on their CDMA network.

Now this is interesting. We all know that iPhone 4 on Verizon is hitting the stores on February 10th, but what we don’t know is that whether or not it will have the Limera1n exploit patched in the bootrom.