The way in which TrueCrypt "became abandoned" does not inspire confidence as well. Considering they left a cryptic and very strange exit note that many perceived as a notice of law enforcement activity.
Although TrueCrypt existed since 2004 he ordered his employees around 2007 to use E4M (which would be improbable if he really developed TrueCrypt). The developer (or developers) of TrueCrypt isn't publicly known.
Ah I get what you meant now, I agree. If some entity already had their eye on TrueCrypt and had shut it down, you wouldn't expect them to let a copycat pop up unless it was less secure.
That's always how these worst backdoors begin... with curious patterns of zeroes. How better to zero out a key than with actual zeroes. Nobody will ever suspect!
The full story about him is fascinating and well worth the read.[1]
[0] http://www.newyorker.com/news/news-desk/the-strange-origins-...
[1] https://mastermind.atavist.com/