Well, certainly quite the straightforward title.
I like how the first thing out of her mouth is "Blackmail me for sex?" As if she knows how things work in Hentai.
Then again, apparently blackmail sex is her fetish...
Dude probably genuinely only wanted her panties, and ended up with sex and possibly anal sex...And probably also from then on since he still has 'blackmail material'.
Won't even try to volunteer what other (perhaps) long-suppressed sexual fantasies Karin-san wants to act out, as her "perverted delusion" level escalates. Do Your Best (not to succumb to "snu-snu"), male protag-kun.
Hentai related to The Perverted Tsundere Girl and the Shutterbug Boy