Intego: Most TrueCrypt users (whether on Mac, Windows, or Linux) who currently have their hard drives encrypted with TrueCrypt 7.1a probably have no major cause for concern, at least not at this time.
The first phase of the recent TrueCrypt 7.1a audit “found no evidence of backdoors or otherwise intentionally malicious code” in the Windows version, and no “high-severity issues” were found (see the full report, which discloses some medium- and low-severity issues, at istruecryptauditedyet.com). Furthermore, we can assume that based on public trials such as the Daniel Dantas case that at least some government agencies including the Brazilian National Institute of Criminology (INC) and the U.S. Federal Bureau of Investigation (FBI) have been unable to circumvent TrueCrypt in the past, as long as a strong password was used.