There are probably three threats of sextortion or extortion in general:
1) exposure that threatens your reputation
2) threats to your identity
3) threats to those you love
This is one of the easiest ways scammers use to extort people online. When I was googling for information about this I came across the website
https://www.digitalforensics.com/blo...om-sextortion/ and it was my salvation since I didn't know how to deal with sextortion. Reporting it to the cyber police was useless.