What are the risks of investing in Binance?

Could you please elaborate on the risks associated with investing in Binance? As a cryptocurrency exchange platform, Binance has gained significant popularity among investors, but I'm concerned about potential risks. For instance, are there any security vulnerabilities that could lead to funds being compromised? Additionally, what about regulatory risks? Given the evolving nature of cryptocurrency regulation, how does Binance manage to comply with various jurisdictional requirements? Lastly, are there any liquidity risks involved, and how does Binance mitigate them? Thank you for your insights.