started as a fork of the now-discontinued TrueCrypt
CipherShed is cross-platform; It will be available for Windows, Mac OS and
GNU/Linux.
The CipherShed project is open-source, meaning the program source code
is available
for anyone to view https://github.com/CipherShed/CipherShed. We encourage
everyone to examine and audit our code, as well as encourage new ideas and
improvements.
The CipherShed website was still pretty opaque. I found a timeline, but no
info on where they’re at at the moment. I was also hoping to find some
details on implementation details, primitives, libraries, etc. That being
said, at least there’s an open source option.
It looks like there is critical flaws with TrueCrypt
If you are still using TrueCrypt then you should migrate to another solution. I have switched to https://veracrypt.codeplex.com/ and I been pretty happy with it. Veracrypt is based on TrueCrypt but has both of these security holes patched as well as active development.
They’re just privilege escalation vulnerabilities, which mean they’re only vulnerable to code running locally. If your computer is off, there’s still no practical way to decrypt it. But yeah, switch when you’re ready, and I’ve also heard that Veracrypt is a promising fork of it.