I have to admit it. I was shocked when I heard that TrueCrypt had been compromised. After working with professional hackers that have experience in top-level intelligence operations—who by the way depended on the use of TrueCrypt AND taught me how to use the software–I was floored when I heard that this software is now unreliable.
I still can’t believe that this amazing piece of open source software is being erased from the net. However, I have a plan. I am going to wait this one out and let the audits come back. In fact, I have found a repository where the stable versions of TrueCrypt are archived for use. As a matter of fact, GRC is advising that TrueCrypt is still safe to use. You can find the information and the repository of TrueCrypt here: https://www.grc.com/misc/truecrypt/truecrypt.htm
Will I still be using TrueCrypt? Until I hear some better evidence that it is totally and completely unsecure and unreliable — only time will tell.