If this is true, then perhaps such listlessness was also catalysed by the ongoing audit. Maybe seeing such a mass of crowdfunding income towards a project to pick Truecrypt apart, in contrast to the scant donations to its development, disheartened the authors towards further work?
Abandoning it in this rather dramatic way ensures that Truecrypt's users are warned against using unsupported software where any bugs will remain unfixed. This is especially important when such bugs revealed in the future (and maybe ones already known) have the possibility of being deleterious for security.