If you find your Favicons broken as shown below, here is what you need to do:

Please go to the root folder where the IWP Panel is installed and open the includes folder.

Replace the favicon.php file with the file attacheds.

Upon replacing this file, please login to your IWP admin panel and run the below URLs on your browser.

http://Your IWP URL/debug.php?reset=confirmDeleteFavicons

http://Your IWP URL/infiniteWP/cron.php

The next release of IWP admin panel will fix this issue permanently while the current version is v2.7.1.1