Truecrypt NOT secure, developers quit

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The developers of TrueCrypt have warned that the product is unsecure and contains "unfixed security issues". They have shut down the website. Security expert Brian Krebs believes they have quit the project.

That was the same conclusion reached by Matthew Green, a cryptographer and research professor at the Johns Hopkins University Information Security Institute and a longtime skeptic of TrueCrypt — which has been developed for the past 10 years by a team of anonymous coders who appear to have worked diligently to keep their identities hidden.

“I think the TrueCrypt team did this,” Green said in a phone interview. “They decided to quit and this is their signature way of doing it.”

Green last year helped spearhead dual crowdfunding efforts to raise money for a full-scale, professional security audit of the software. That effort ended up pulling in more than $70,000 (after counting the numerous Bitcoin donations) — far exceeding the campaign’s goal and demonstrating strong interest and support from the user community. Earlier this year, security firm iSec Partners completed the first component of the code review: an analysis of TrueCrypt’s bootloader (PDF). ...

Green acknowledged feeling conflicted about today’s turn of events, and that he initially began the project thinking TrueCrypt was “really dangerous.”

Today’s events notwithstanding, I was starting to have warm and fuzzy feelings about the code, thinking [the developers] were just nice guys who didn’t want their names out there,” Green said. “But now this decision makes me feel like they’re kind of unreliable. Also, I’m a little worried that the fact the we were doing an audit of the crypto might have made them decide to call it quits.”

Source: True Goodbye: ‘Using TrueCrypt Is Not Secure’ — Krebs on Security
 

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