Sony said in a blog post Monday that the problem was likely caused by a bug in the clock functionality incorporated in the system, reminiscent of the Y2K bug a decade ago.
The problem is affecting older PlayStation 3 models, but not the newest slim version that went on sale in September.
Mar 1, 2010
Y2K-like bug in PlayStation 3 Network
Sony has warned that a glitch has knocked PlayStation 3 users off the game console's online network and said that data loss could occur if gamers continued using the machines.