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Re:CipherShed, the Truecrypt fork by blueskin_ on Monday August 18, 2014 @12:03PM (#8193210)
Seems the source has been 1984'd, but a while ago there were leaked Microsoft internal slides about how they store everyone's bitlocker key.
Re:CipherShed, the Truecrypt fork by tptacek on Monday August 18, 2014 @12:36PM (#8193353)
They store the keys of people who give them their keys.

Microsoft's code is the most heavily reverse engineered in the industry. It's 2014, not 1995; you can't summon a "closed source" boogieman to win arguments about what they do and don't do.