On-the-fly encryption software which can create a virtual encrypted disk within a file and mount it as a real disk. It can also encrypt a hard disk partition or storage device, such as USB flash drive. Moreover, TrueCrypt supports plausible deniability.
There are no reported vulnerabilities
At one point, Open Hub analyzed source code for this project based on code location(s) available at that time. Since then, the code locations have been removed.