Microsoft and Sony don’t brick your console if you hacked it; they’ll ban you from online services and possibly deny any warranty claims if you bricked it yourself by mistake, but they don’t make your device a paper weight.
Sony may not do it, the same way Nintendo might not do it either, but both reserve the right to do so
Edit: If you take a look at the PLAYSTATION®5 SYSTEM SOFTWARE LICENSE AGREEMENT
under “6. VIOLATION OF AGREEMENT; TERMINATION OF RIGHTS AND SIE INC REMEDIES”, one of the possible actions they may take states:
disabling use of this PS5 system online or offline
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Microsoft and Sony don’t brick your console if you hacked it; they’ll ban you from online services and possibly deny any warranty claims if you bricked it yourself by mistake, but they don’t make your device a paper weight.
Sony may not do it, the same way Nintendo might not do it either, but both reserve the right to do so
Edit: If you take a look at the PLAYSTATION®5 SYSTEM SOFTWARE LICENSE AGREEMENT under “6. VIOLATION OF AGREEMENT; TERMINATION OF RIGHTS AND SIE INC REMEDIES”, one of the possible actions they may take states: