Prevent anyone from activating it in their name. It won’t result in criminal charges or the confiscation and return of your phone I’m afraid, or it wouldn’t in the USA. If you got an insurance payout on it even if it ends up back in the hands of your provider or Apple, it still will just be sent back in for refurbishment where it will either be given a new IMEI or its existing one will be unflagged.
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