While FD cannot/will not give info about hacks/cheats, and discussing them in general is not allowed, there is some information being presented in this thread that does not seem to match what i know about the current state of the cheats.
What i've learned from reading the most well known cheat forum is that the current version of the cheat is detectable by FD, people have lost accounts (one guy has lost 5), and that the general advice from the cheating community is don't use the current version of the cheat, because you will get caught and banned.
As icing on the cake, the main dev who was working on the cheat is no longer developing it, leaving those who still want to cheat floundering.
Naturally i cannot share the link here, but its easy to find if you have any level of google-fu.
Two whit:
1) Anyone cheating in game at the moment must be using a cheat that might not currently detected by FD (or might be, and they are profiling the cheat in order to block it)
2) FD do have anti-cheat protection.
3) People do get banned and have had accounts locked/sent to shadowban permanently
and ill hazard to add a last one based on speculation
4) If the CMDR in question is cheating, and has been boasting about it like OP had claimed, its highly likely he would have been busted already.
If correct, they have not been cheating. At worst, they might have been exploiting game mechanics to play unfairly. While there is some irony to be found there coming from (presumably) a player who condemns using a legal game mechanic like menu exit to avoid combat (aka: Legal combat logging), and same as that, its not against the rules unless its clearly against the rules or FD says it is.
So, i suggest people calm down and stop the witch hunt please.
If you see something you suspect as being done as an exploit, report it to FD.