How safe is Bybit?

With the booming cryptocurrency market, investors are increasingly turning to platforms like Bybit for their trading needs. However, the question of safety always remains paramount. Can you elaborate on the security measures that Bybit employs to safeguard its users' funds and data? Specifically, what kind of encryption technologies are utilized? Do they conduct regular audits and security checks? How do they handle potential security breaches? Understanding these aspects is crucial for investors to make informed decisions about their trading platform.