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I'm not sure if this is what the OP meant, but this[1] is what I think of when I hear anyone mention "Truecrypt".

1. http://motherboard.vice.com/read/nsa-paranoia-has-fanned-the...

Ah, I guess I should have qualified my statement with "assuming the underlying crypto of truecrypt is secure, does sharing the ciphertext via bittorrent introduce any further side channel attacks outside of compromising the key exchange?"

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