That would not result in a message of "True Crypt Is Not Secure!!!!" in bold red. Seems to be geared towards frightening people.

I concur -- likely an elaborate website deface.

That's not what the message says, though.

> WARNING: Using TrueCrypt is not secure as it may contain unfixed security issues

That is a perfectly reasonable thing to say if you are abandoning security software. Any issues discovered will not be fixed, so you should stop relying on this software for security.

Scroll all the way to the bottom

As irrational it may be, I've seen people writing something like that out of frustrations...

I don't think any legit organization would do that, but what if it's maintained by a small team or even individual -- I don't think I've ever seen a single face of TrueCrypt developers out there...

Good point.

If true, I'd much rather have them post a countdown clock and say "If we don't reach X funding goal in donations by date Y, then we will be forced to close the project". Funds would come in then... a lot of people depend on truecrypt.