Is it safe to use WBTC?

I've been hearing a lot about Wrapped Bitcoin, or WBTC, recently. It seems like a convenient way to use Bitcoin on Ethereum-based platforms, but I'm also concerned about safety. Could you please shed some light on this? Is WBTC really safe to use? What kind of security measures does it have in place to protect users' funds? Are there any known vulnerabilities or hacks that have occurred in the past? I'd really appreciate your insights on this matter. After all, investing in cryptocurrency is already risky enough, so I want to make sure I'm doing it as safely as possible.