(By Hannibal Hanschke/Reuters)

Hotz has agreed to a permanent injunction. The terms of the order aren’t detailed in the statement, but presumably an injunction would prevent Hotz from making any modifications to the PlayStation 3, at the very least. He continues to deny any wrongdoing, the statement said.

In the statement, both Hotz and Sony say they are happy to have the case behind them. Sony even said that Hotz was not responsible for recent attacks on Sony’s Internet services and Web site.

Those attacks have been claimed by the hacktivist group Anonymous, which launched “OpSony” in protest of the company’s treatment of Hotz and accused hacker Alexander “graf_chokolo” Egorenkov. The group has organized a 24-hour sit-in and boycott of Sony for April 16.

On his personal blog, Hotz was not quite as polite as he was in the statement.

“As of 4/11/11, I am joining the SONY boycott. I will never purchase another SONY product,” he wrote. “I encourage you to do the same. And if you bought something SONY recently, return it.”

Hotz faced some criticism from those who had contributed to his legal defense fund in the comments on his blog post. Many asked for information about the settlement, but Hotz replied that he is bound by the permanent injunction.

He said he will address the donations in a future post, adding that, “I think people will be happy.”

Related stories:

Anonymous will stop PlayStation Network attacks

Anonymous puts Sony in the crosshairs

Accused PS3 hacker reacts to Sony, says he’s on spring break