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Mount Truecrypt Container with cryptsetup

Truecrypt is a great multiplatform encryption tool; however, there have been numerous claims of it not being as secure as people think. There were so many claims that an IndieGoGo project was set up to fund a full (external) security audit of truecrypt (status: This, along with other concerns I have had with truecrypt caused me to look for an alternative, which lead me back to LUKS.