On the issue of the security of TrueCrypt, an announcement stating that the software is not secure does not itself make the software insecure. While I certainly can't be 100% certain, I don't presently see any reason to believe TrueCrypt has any major vulnerabilities (other than unavoidable side-channel attacks which have nothing to do with the software) which would enable an attacker (without physical access to the hardware) to gain access to data in encrypted volumes by some means other than brute-forcing the encryption itself.
While I personally no longer use TrueCrypt—I switched to BitLocker when I got my new Windows 8.1 Pro system—I see no reason to edit existing answers to reflect the claim that the software is not secure. In new answers, I would briefly mention the controversy regarding TrueCrypt with something like this:
Note: TrueCrypt has been discontinued and is claimed to be insecure by its developers because of its recent lack of updates. However, a security audit of the encryption software is in progress and there are currently no major known vulnerabilities, though this may change as the audit progresses. Amongst considerable speculation, it is theorized that the TrueCrypt project may have been forced to shut down under government pressure. For more information about this issue, see this TechRepublic article.