What happens if Binance crashes?

I'm deeply concerned about the stability of the cryptocurrency market, and Binance, as one of the leading exchanges, plays a pivotal role. What happens if Binance crashes? Will it trigger a domino effect across the entire crypto ecosystem? Will investors lose their funds? How would such an event impact the overall market sentiment? Could it potentially lead to more regulation or even a crackdown on cryptocurrencies altogether? I'm seeking clarity on these matters to better navigate the volatile and uncertain world of digital assets.