Is there a risk with Binance?

Could you please elaborate on the potential risks associated with Binance? I've heard some rumors about security breaches and regulatory issues, but I'm not entirely sure what to make of them. Could you clarify these concerns for me? I'm considering using Binance for my crypto trading, but I want to be fully informed about any potential hazards before I proceed. Would you say that Binance is a reliable and secure platform, or are there significant risks that I should be aware of? Thank you for your insights.