TrueCrypt Compromised/Removed? - Johannes Ullrich - Infosec Handlers Diary Blog
Last week the anonymous developers rocked the infosec community by announcing an abrupt end to the TrueCrypt project that many (millions?) of people use. TrueCrypt, for those that don't know, is a program that allows you to encrypt a drive that you can set a password and store files in. There are alternatives out there, but TrueCrypt seems to be the most popular.
True Goodbye: 'Using TrueCrypt Is Not Secure' - Brian Krebs - Krebs on Security
Krebs has a good roundup on the TrueCrypt saga.
YES...TrueCrypt is still safe to use - Gibson Research Corporation
It appears that TrueCrypt will not die. The audit of TrueCrypt will continue this summer and there is talk of forking the license and continuing on the program, likely, under a different name. I don't know if the full story will ever come up, but I imagine that TrueCrypt won't entirely die off with the original developers.