Why is the deprecated SSL 2.0 protocol considered insecure and how can it be exploited?

Why is the deprecated SSL 2.0 protocol considered insecure and how can it be exploited?

I am making a presentation to the class about "SSL 2.0 deprecated protocol" and I really have no idea how this exploit is used or how the attacker can use this vul. I understand the impact of this vul, but I need a complete explanation on how it works out and the steps that an attacker would approach to conduct man-in-the-middle attacks or decrypt communications between the affected service and clients. Please explain the process that an attacker can use in a specific explanation if possible.