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They fear for their family and friends knowing about their private videos so they mostly send the money asked by these scammers.
Well, the very first suggestion i like to tell you is, to avoid chatting with strangers in Facebook.
Also Read, Skype conversations happened in 2013 between few skype users who already affected by such Blackmail Scam Attack.
You may use the Facebook Report feature to report the private video uploaded by the Scammer.
When you receive a request from new friends you never met try to avoid.
You may chat and know who they are but when the conversation moves to something private, try to end the chat at least at that point of time.
As you can see they have uploaded the video mentioning it as SEX VIDEO SCANDAL and another shocking news is, they update new profiles and victims every day.