Is Binance high risk?

Could you please elaborate on the risks associated with Binance? I've heard differing opinions about its safety and reliability. Is it really considered a high-risk platform? Could you outline some of the potential drawbacks or concerns that investors might have? Also, how does Binance compare to other major cryptocurrency exchanges in terms of risk? I'm interested in understanding the overall safety profile of Binance to make an informed decision. Thank you for your insights.