Check out the developer notes and the download link provided below.
Yesterday the developer Joonie and Habib have released the files to update the cobra patchto version 7.2 to be inserted manually ..... this solution for many users is awkward as
you go to touch the flash memory of the PS3 and any step faslo could compormettere console.
But there is more to fear since I and the GameSonic staff have developed and tested a
simple Updater automatically update patches Cobra:
NOTE: Only compatible with CFW 4.46 and 4.76 Guide
Download this file
Copy it to a FAT32 drive
Install it in the PS3
Start it
Now the console will reboot and the cobra patch will be updated.