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: Color the flag: Flag Maker
Version: 0.4

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:
Get ready to solve flag painting puzzle and paint the flag with a lot of challenges of flag paint, make a flag in flag puzzle and flag maker alike! Color the flag with flag coloring, this hyper-casual game is about draw the flag in flag game. 🖌️🎮

Challenging levels of flag puzzle:
🎨🌍Draw the flag with Flag Painting Puzzle! 🌟🏳️‍🌈 In this paint the flag game, you have to pait flag various country flags of world with flag color. This draw the flag improves your country flags knowledge and learn about the country flag worldwide. Can you guess the flag coloring of each flag in the flag painter?

Why coloring flag games is more efficient to play:
🌟 Test your brain and improve your skills by draw the flag and flag paint various national flags. It’s a correct way to learn and remember the flags of different worlds!
🌟 Easy to play and challenge your memory: while gameplay is very challenging, remembering and correctly coloring to each flags.
🌟 Tricky levels: difficulty and challenges of level increase level by level, you must enjoy each levels because it presents a new opportunity to improve your painting skills.
🌟 Perfect for All Ages: Weather you’re a casual gamer, flag maker, flag painter, flag paint, game lover, or a peculiar learner,
Make a flag and Color the flags is suitable for all ages player.

Are you ready to improve your flags paint skills and have lot of fun while doing it?
Download paint the flag color Puzzle now and start your flag game around the globe!
Start on a colourful exploration of national flags with the color the flag games! Download flag painting puzzle now and start to pait flag! 🌈🌏📲

Color the flag: Flag Maker MOD APK Version 0.4

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.