No word as yet on if or when the team is going to release it.
Jailbreaks aren’t that easy to come by as they used to be which is why there hasn’t been that much activity on this front in recent months, and there’s also the fact that many of the teams that were previously quite active in the jailbreak arena have since slipped into the shadows, so jailbreak fans are left waiting for a solution when one doesn’t appear to be on the horizon.
There is a team in China that’s carrying the torch, the Pangu team has released jailbreaks for multiple versions of iOS 7 and iOS 8, at the MOSEC security conference in Shanghai it also demonstrated the iOS 8.3 jailbreak, but haven’t revealed as yet if and when they plan on releasing it to the public.
According to reports coming from the event, Pangu showed off the jailbreak as a proof of concept but given their history of releasing tools for the public, the possibility exists that they might also release the iOS 8.3 jailbreak to the public. Though they may only do this once Apple has released iOS 8.4, this would prevent the company from immediately patching their exploit in the next update for iOS devices.
A jailbreak for iOS 8.4 has also been demonstrated, though it was only the first beta of that particular build, so it’s quite possible that Apple might patch the exploit by the time iOS 8.4 is ready for end users.