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: Virtual Families: Cook Off
Version: 1.49.4

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:
A free cooking game that lets you brag about your cooking skills. Bake, grill and cook the world’s best delicacies by yourself in your own backyard restaurant. Help your virtual family grow and add to their house, flipping fun, helping them in achieving their goal.👩🏻‍🍳

This food game will make you a gourmet chef. Spend the best hour of your day making scrumptious delicacies. Serve out the most delicious pasta, pizzas, deserts, and drinks. The better you cook, the more you earn. Flip the house into a lavishing one and decorate your yard with a beautiful theme. Raise the property value and upgrade to bigger and better homes with this amazing cooking game.

Become a culinary artist by serving the juiciest chicken grilled to perfection, and soul-soothing hot chocolate.

This free time cooking management game is quite special and different from other cooking games in many ways. As it lets you try your hands on several different cuisines from around the world, instead of following a monotonous cooking routine. Also, you learn several excellent cooking skills with clearing the challenges, step-by-step, in each level.

⏩ Level up with new challenges:
● Cook gourmet meals for your guests and customers.
● Rewind special moments with your family.👨‍👩‍👧‍👦
● Add in to a new cooking skill with every level.🔪
● Turn your backyard into the best serving restaurant for your customers.

⏩ Serve worldwide cuisines:
● Try out your hands on famous delicacies from China to New York and many more countries.🌍👩‍🍳
● Serve with beautiful garnishing and a satisfying serving size.
● Stay upgraded on newly launched kitchen techniques.⏲️

⏩ Strategic cooking:
● Earn bonus coins by achieving memory levels.🪙
● Serve timely to get all the likes.

● Challenge yourself with countless dishes and timed levels.

⏩ Free to play exciting food games:
● Combination of time management, cooking with home, renovation and decoration.🏘️
● Fry and serve crunchy starters and bake a mouth watering cake for your hungry guests.🍘
● Serve your family and friends with the best starters, main course, desserts and drinks in the town.

⏩ Upgrade every ingredient in the game:
● Upgrade foods to better quality
● Increase serving capacity and decrease preparation time through updated kitchen gear.
● Achieve the title of Masterchef in this cooking game.👩🏻‍🍳

⏩ Cook a variety of cuisines:
● Cuisines like Chinese, Mexican, Italian and fusion are included in this cooking game.
● Serve the best spaghetti, garlic breads, pasta, risotto and Croissants.🥐
● Half-fry the eggs and bake the toasts for breakfast.🍳🍞
● Prepare drooling Japanese sushi, classic Canadian maple poutine or Jamaican jerk chicken.
● Bake a chocolate truffle cake ,super sweet cupcakes and much more.🎂🧁
● Mix fruit pulp with soda and serve your customers with mocktails full of fruity flavors and fizz.

⏩ Build the house of your dreams:
● Give your family a house full of comfort and luxury.🏙️
● Design and decorate various houses, restaurants, and so much more.
● Add in endless features to your virtual home.

To stay up to date on the latest Virtual Families: Cookoff news visit our Facebook page:
https://www.facebook.com/Virtual-Families-Cook-Off-268634747356498/

Also available in the Last Day of Work franchise:
• Virtual Villagers Series (Origins, A New Home, New Believers, Lost Children, Secret City and The Tree of Life)
• Virtual Families 2 Series
• Virtual Town
• Fish Tycoon Series
• Plant Tycoon
• San Francisco Zoo

Ready to start cooking utterly-butterly delicious meals and managing house renovation-decoration, then download the app right away.

Virtual Families: Cook Off MOD APK Version 1.49.4

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.