I was young and needed the money
As others have said that scam has been around for a while.
They usually display an old password of yours to try and scare you. This old password was like Yahoo as their email has been hacked many times.
They depend on people having a guilty conscience for this scam to work.
You don’t have a guilty conscience do you?
You didn’t pay and I got your damn porn!
I reply that their price is a bit steep, but I should be able to scratch it together in a month or two. Please release it as soon as possible. It has been my life’s dream to be a porn star.