Can Binance go bankrupt like FTX, or are the situations different?

After everything that happened with FTX, I’ve been thinking a lot more about centralized exchanges, especially Binance. Not trying to spread FUD here, just genuinely curious and trying to understand the risks better.

Is a Binance bankruptcy even a realistic thing to worry about, or were the problems at FTX very specific to how that exchange was run? How much do things like proof of reserves, how user funds are held, regulation, and transparency actually matter in preventing something like that from happening again?

For anyone who still keeps funds on exchanges, how do you personally think about the risk now compared to before the FTX collapse?