Tricky. Sending them all of your potentially leaked embarrassing photos so that they can store them and prevent them from leaking out. If they get hacked now someone has a lifetime supply of blackmail material. Not clear if the cure is better than the ailment.
From the fine article: "We store the photo hash—not the photo—to prevent someone from uploading the photo in the future. If someone tries to upload the image to our platform, like all photos on Facebook, it is run through a database of these hashes and if it matches we do not allow it to be posted or shared."
Given what we know about data retention policies at big tech firms, I'm not so sure I would feel confident taking the press release at face value. I'd really like to see a white paper or similar outlining the specifics of how this is being handled. I'd also have questions around what steps have been taken to prevent rogue Facebook employees trying to obtain the images.
I really wish they had found a way to generate the hashes they require client side and not receive the image at all, especially as this is something that presumably would be really great for revenge porn victims.