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: SILENT HILL: Ascension
Version: 1.0.10

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:
NEW STORY STREAMING WEEKDAYS

SILENT HILL: Ascension features new story weekdays to watch, terrifying monsters, and deepening mysteries.

INTERACTIVE HORROR TELEVISION

Make crucial decisions that will change the way the story unfolds. New scenes weekdays at 9pm ET / 6pm PT. Can’t make it live? It’s easy to jump in and participate on-demand anytime. Story Decisions are active for 24 hours or longer.

A FRESH, MIND-BENDING SILENT HILL STORY FEATURING NEW MONSTERS

The Hernandez family plummets into chaos as another death shakes their decimated rust-belt town in Pennsylvania. In a dying fishing village in Norway, the uneasy peace of the Johansen family is upended when their matriarch, Ingrid, dies under suspicious circumstances. Survival depends on them overcoming their darkest impulses and the machinations of a cult, as they discover the horror that connects them.

Will they face redemption, suffering or damnation? YOU decide.

YOUR DECISIONS MAKE HISTORY

Participate in new, critical Decisions that will decide the fates of the characters and influence the way the story unfolds. Then watch these community-driven outcomes in weekly TV episodes in the streaming app.

Once a Decision is made by the community, it is canon. There’s no reset button.

Earn and use Influence Points (“IP”) to participate in Decisions that influence the narrative. The more IP you have, the more you can shape the Decisions you care about.

CHAT LIVE WITH THE COMMUNITY & JOIN WEEKDAY WATCH PARTIES

In our live chat you can interact with the community, show off the best stickers and emojis in your collection and initiate rallies to get the community behind Decisions you care about.

During weekday watch parties you’ll see new scenes plus the outcome of the community’s Decisions. Every live stream concludes with a sequence where you and the entire community must help a main character endure through real danger. You won’t want to miss these live moments because if a character fails enough in them, they may not survive future encounters leading to their death in the story.

BUY THE SEASON PASS

Unlock 100 tiers of rewards, exclusive customization options and access all puzzles instantly! Season Pass holders also gain access to additional ways to earn Influence Points.

SILENT HILL: Ascension MOD APK Version 1.0.10

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.