The part about naming a price making it illegal... wow. I spent most of the article wondering how it wasn't clearly extortion. I mean going with something like "I was just telling the person that we had a leaked porn tape of theirs, we didn't expect them to feel obliged to pay us money, we didn't say that it could otherwise fall into the wrong hands"... what a scummy way around it. It is extortion in all but name.
Maybe some hn'ers who trade in exploit discovery could shed some light on how this in tech, as I guess it is maybe similar legal territory?