To me that implies anyone who has ever received modded money. In which case most of us who have ever set foot in a public lobby are ****ed.
In which case there would be very few players left to play GTA Online and I would imagine widespread outrage
If it helps i havent been banned after all, and i followed a hacker around collecting almost 2b in cash. no shame.
How much money did the hacker give you? I got €800k from a cheater... I mean 'modder' (thought I might as well get something useful from them for them ruining 50% of free roaming games) one time but that hasn't been a problem.
I got my money about 6 weeks ago and only got banned last Friday, so its far from instant.
I had about $16m in total as I made no effort to not collect it, and was having a great laugh watching the random stuff being spawned and the hilarious things you can do when a massive group of players are stood still in Passive mode (jumping out of your car which then runs them over will kill them even though they are in passive mode

Tbh the session with the hacker was some of the most fun I've ever had on GTA Online. Landing helicopters onto UFOs and parachuting into giant Christmas Trees

But the point is I didn't hack the game, and when the money was spawned on me had zero ability to not accept it, so I've been banned because of the actions of someone else that I was totallly unable to avoid.