I'd say looking at exchange listing to verify if a project is legit is probably one of the worstrways to determine that.
Exactly and I tend to agree with this, even though listed on a big exchange the chances of getting scammed are still there.
(....)
Include also some exchanges that have listing fees, so for sure they don't care anymore about the project if it's legit or a scam because they only care about the fee they will get in the project, and last part, the users will be affected because these scam projects will just dump to retails.
But now there are some exchanges already improved, they have some research team to verify before listing, but for me it is still better to verify also it by yourself.