Is Poloniex legit?

Is Poloniex a legitimate cryptocurrency exchange? Many investors have raised concerns about the platform's credibility and security measures. With the rise in fraudulent activities in the crypto space, it's important to do thorough research before entrusting your funds with any exchange. So, what are the factors that make Poloniex trustworthy? How does it protect user data and funds? And what are the potential risks associated with using this platform? Let's delve deeper into these questions and assess the legitimacy of Poloniex.