The cheating situation is out of control

I'm writing this out of sheer frustration with the current state of Apex Legends. Just this afternoon, I ran into 4 to 5 blatant cheaters in Ranked matches within only a few hours.

Despite recent anti-cheat updates, the situation doesn't seem to have improved at all. Players are still running blatant wallhacks and aimbots without fear of getting detected or banned in real-time. In one of my games today, I spectated a player running through the lobby with 31 kills and over 6,431 damage, locking onto targets through cover with zero recoil.

Legitimate players are losing RP and spending their free time just to be fodder for cheaters. The in-game report feature feels like a placebo at this point, as these accounts continue ruining games match after match.

Can Respawn and EA provide some transparency on what is actually being done to combat this wave of cheaters? When are we getting hardware bans, phone verifications, or a truly effective anti-cheat system that stops these injectors before they ruin entire lobbies?

The game is becoming completely unplayable for regular players. Please do something before the core player base gives up entirely.

(Screenshots attached showing spectator view and match stats)