"In late 2022, the brothers Peraire-Bueno – twenty-something graduates of Massachusetts Institute of Technology who had turned their sights on blockchain – embarked on an effort that ultimately netted them $25 million, in one of the most sophisticated exploits in a decade or so of frequent crypto exploits. At the outset, according to U.S. prosecutors, they outlined a four-step plan. First there was 'The Bait.' Then there was 'Unblinding the block,' followed by 'The Search,' and ultimately 'The Propagation.' 'In the months that followed, the defendants followed each stage as outlined in their Exploit Plan,' according to an indictment."​​.