The facts are that no threat nor blackmail attempt was made and Spez had entirely invented and spread the false claims as an attempt to discredit Selig.
In response to the false claims, Christian Selig released a recording of the phone call that disproved the claim and cleared his name. As Selig is in Canada, he was legally entitled to record and release the phone call. Huffman took umbrage at this action because it revealed Huffman's deceptive conduct.
Later in a Reddit "AMA", Huffman continued stating falsehoods about interactions with Selig, in spite of the evidence.
https://techcrunch.com/2023/06/09/reddit-ceo-doubles-down-on...