I am hearing some rumors being reported today after seeing a spike in chatter within the gaming community on today. I have not seen the third-party game tracking tools show this much rumor in a long time. I will say the tracking tools are way more heated than the chatter I am seeing, so something might be off here. Again, I saw some initial chatter from within the gaming forums and on this site starting on today.  Now, I decided to cover it on everyday even if the chatter was not at the levels that would warrant me posting something.
To be clear, Wendgames' radar has not confirmed any release is officially going on.
Mod, cheat or hack tracking tools:
Let's start with what the tools are showing:
Bila sensor:

Souma sensor:

So most of these tools are incredibly heated, signaling that they are showing available mod, hack or cheat for the game.
Wendgames chatter:
Here is some of the chatter from various comments on this site and facebook groups since the release:

Holy shit this is the biggest gaming news of the year

I surprisingly knew about this game's existence before this!

From someone who actually played it, it's fine, just a pretty average  game. Unless you're chomping at the bit for new experiences, if it looks interesting to you just play the first one.

Let's make a little summary for the game:
GAME INFO
Name of Game: AeroMayhem PvP: Air Combat Ace
Version: 1.061

Name of the cheat, mod, hint, tip or hack:
-Unlimited Money
-Mod Menu
-Money increases instead of decreasing
-Massive attack
-God mode
-Free Purchases
-Free Shopping
-Enemy does not attack
-Weak enemies
-Unlimited coins/hearts/gold/gems
-Dumb Enemies
-Free Store
-Stats Boosted
-Mega Mod
-High damage/No Shake No Recoil
-mod rewards
-Damage & defense multiplier
-Game speed multiplier
-Unlimited Ammo/no reload/No Recoil
-radar hack/Infinite money
-Unlocked/all levels unlocked

Game description:
Welcome to AeroMayhem PvP, the ultimate multiplayer air combat game. Engage in intense dogfights and showcase your ace pilot skills in the world’s most advanced fighter jets.

*Single player mission now available*

Three Classes of Fighter Aircraft: Supremacy in AeroMayhem can only be achieved with a balanced use of the three classes of fighter jets. Air-Superiority Fighters to dominate the skies, Multi-Role Fighters for balanced offense and tactical bombing abilities, and Ground Attack Fighters for devastating land strikes. In this high-octane rock paper scissors of air warfare, one must deploy the right aircraft at the right time to emerge victorious on the battlefield.

Realistic Air Combat: Experience authentic air combat maneuvers like Barrel rolls, Immelmann turn, and the highly tricky, Pugachev’s cobra. Realistic combat systems like Air to air missiles, Air to ground missiles, Flares, and Afterburner give AeroMayhem an immersive aerial warfare experience.

Multiplayer Mayhem: 4 vs 4, PvP arena style battles await you. In Aeromayhem you will have to keep an eye on the battlefield and coordinate with your teammates to outmatch your opponents.

Immersive Environments: Battle across diverse landscapes- from the highly volatile India Pakistan border in the Himalayas, to the wide expanses of the Australian outbacks. Not to mention the desert horizons of north Sahara. With more battle scenarios coming soon.

Aviation Career: Upgrade your aircraft as you ascend through the Ace ranks. Progress through your military career and engage in ranked multiplayer matches based on your Military Tier

Aircrafts:

1. Dassault Rafale: A French multi-role fighter. Made by Dassault Aviation, it features a twin-engine canard design. Current users include the Indian Air force and Egyptian air force
2. Lockheed Martin F-35 Lightning II: Fifth-generation fighter developed by Lockheed Martin to win the Joint Strike Fighter program, it has become a cornerstone of NATO, along with US Army, Navy and Airforce
3. Sukhoi Su-57: Russia’s premier stealth fighter, offering advanced electronics
4. General Dynamics F-16 Fighting Falcon: Developed for the United States Air Force. It is now actively used by air forces of 25 nations
5. McDonnell Douglas F/A-18 Hornet: Called the backbone of the US navy’s air wing. It is a versatile, carrier-capable aircraft, adept in both air fighter and ground attack roles
6. Mikoyan MiG-31: A high-speed interceptor, capable of operating in extreme altitudes
7. Lockheed Martin F-22 Raptor: The pinnacle of air superiority, unmatched in stealth, speed, and agility. Built by Lockheed Martin for the US Air Force
8. SU-27 Flanker: Excels in its primary role as long range air defense
9. Grumman F-14 Tomcat: A fleet defense fighter, renowned for its variable-sweep wings and long-range capabilities. Designed for dual roles of air-superiority and long range naval interception.
10. Mikoyan MiG-29: A highly maneuverable air superiority fighter, known for its impressive close-range combat abilities
11. Chengdu J-20:China’s stealth air superiority fighter, designed for air power and stealth
12. Harrier Jump Jet: A groundbreaking aircraft with vertical/short takeoff and landing capabilities
13. McDonnell Douglas F-4 Phantom II: A versatile and powerful twin-engine jet aircraft
14. Fairchild Republic A-10 Thunderbolt II: The ultimate ground attack aircraft, unparalleled in close air support. Popularly referred to as Warthog by aviation enthusiasts
15. SEPECAT Jaguar: A ground attack jet valued for its speed and low-level strike capability
16. Sukhoi Su-25: A rugged, armored jet, designed for ground attack and close air support missions

Immerse yourself in the world of advanced aerial warfare and aim to become the air combat ace pilot of the day. Join the community, form squadrons with friends, and dive into the adrenaline-pumping world of modern air combat. Download now and rule the skies

AeroMayhem PvP: Air Combat Ace MOD APK Version 1.061

Manual Steps:
1. Install Modded APK
2. Play

Download Now
In any case, the best mod, cheat or hack for now comes down to these tips:

1. The first cheat or exploit is to not skip the tutorial, even if you're an advanced player and this is your second, third, or fourth alt account. The beginner's tutorial gives you lots of free stuff and rewards, which are some of the most valuable items in the game.
2. Keep watching the ads and collecting more and more daily currency rewards.
3. Play daily events for more chances to get better currency.
4. Practicing to get better time in PVE or offline mode.
5. Don't skip any unleashed events.
6. Use ad packs from the store to get currency. And free packs can be obtained every certain number of hours.
7. Watch YouTube or Twitch videos: gamer's gameplay style and tutorials.
8. Play against many different opponents with many different gameplay styles.
9. Join the game community on Discord, Reddit, Facebook, or other social media platforms where you can share your gaming experience.
10. Are you a competitive online mobile gamer? The secret to becoming a top mobile gamer is to first have at least a medium-range phone or a top-of-the-line phone. Without a good device, you will never be a good gamer. Next, you need a superfast internet connection. If you want to do exploits against other gamers online in real time, you need incredible internet connectivity, or else lag will become your best friend when your ping goes up to over 300 ms. And finally, you need to be me, Wendgames, the greatest mobile gamer the world has ever seen. If anyone else tells you anything else, they're lying. Skills only come through persistence with great devices and fast connectivity to react appropriately against enemy players.