What are the risks of Bybit?

Could you elaborate on the potential risks associated with trading on Bybit? As a cryptocurrency enthusiast, I'm always looking to stay informed about the potential downsides of different platforms. I've heard about the leverage options and high trading volumes, but I'm particularly interested in understanding the risks of using Bybit, including market volatility, security concerns, and any regulatory issues that may arise. How does Bybit address these risks to ensure the safety of its users' funds and data?