My iPhone got stolen. How do I know if the thief managed to reactivate the unit?

I still check through "Find My iPhone" app if the thief has managed to hack my iCloud account and reactivated the phone. But I'm not sure how accurate it is. It still says, "Erase Pending: Your iPhone will be erased when it connects to the Internet."

The phone still remains in 'offline' mode and it still hasn't been removed from my account.

Another question: "Did it help that I right away changed all of my passwords in all of my accounts?"

Have you talked to an Apple store? They would be your best source of help & information.
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If your lost iPhone has iOS 7 then there's a supported feature to remotely deactivate it using iCloud and also lock it up to prevent reactivation.

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