Chinese hacker Min Zheng has showed a demo of Flying JB earlier today, a jailbreak for 32-bit devices running iOS 9.2.1 or lower. The video demo shows off an iPhone 5c going through the jailbreak process as well as Mobile Terminal running on the device once jailbroken.
What may sound like exciting news at first is actually nothing to call home about as the limitations and actual usage potential of Flying JB are extremely limited.