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Trucrypt not secure?

@date=2014-06-03
@tags=crypto

So, Truecrypt posted that they are no longer secure anymore and you can no longer download their software and ... oh yeah, you should start using Microsoft's Bitlocker instead. Never mind that it is closed source and that MS promises that they won't put in a back door for the NSA.

The nice thing about open source software is that you don't have to trust them when they say they aren't going to put in a back door.

It all seems pretty shady, but I have a lot of hope that some fork (perhaps http://truecrypt.ch) will do a reasonable job of maintaining the project. Especially since TrueCrypt has passed most audits.

Trust MS to encrypt my volumes... yeah, that is not happening.