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Pretty sure this was disproven. Some of those words don't mean anything, but Google translate mistranslates it. http://www.theguardian.com/technology/2014/jun/17/truecrypt-...
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That proves that it doesn't mean anything in Latin. It doesn't prove that the true crypt devs know latin. They could have used google translate too... or perhaps they used a mistranslation on purpose to help establish plausible deniability.

Conspiracy theories are fun :)

That is the whole point in this repost. Read the link before commenting - check the bottom.

That said I agree with evilmoo that this whole thing is nonsense.

Umm, so the conclusion is that:

"Using TrueCrypt is not secure as it may contain unfixed security issues"

Can translate into a warning from the developers, if you take the first letter of each word and turn it into latin?

Isn't "Using TrueCrypt is not secure as it may contain unfixed security issues" already a warning from the developers?

Eh from what I remember from my latin hobby studies you don't even have words like "the", you would change the words instead. I very much doubt that translation.