What are these world records doing?

When I go to "time trials," I see players continously drifting around a track. These players are named "JPG" and "Fways."
What exactly are they doing, and how exactly is it done?

They are reverse drifting. There are also a lot of TOPICS JUST for asking "what is reverse drift?"
Drift, then repeatedly press and release back to reverse drift.

this is called reverse drifing, and it is not hacking or cheating in any way
to reverse drift, you must do this
when you start the race, turn immediately, then press drift+brake
use ctrl to drift, back arrow to brake, and release ctrl to release the drift
(gas is not required)
if you need a more detailed explanation, i will send you a video in facebook messenger

I do not need a more detailed explanation, I understand what is happening with the players now.

they are well known cheaters that use speedhack
we are deleting their times asap but they just submit them again
if you see their times again please report it in the report topic.

On your way to spread misinformation

They are cheaters. Im a moderator so i will ban them
Soon. They always cheat and hack other players. They also are bully's and bad persons.they are friends with a well known molester

Isn't Fways a moderator too?

He was a moderator, I think you can imagine what made him lose that title...