If you thought Edge couldn't find a harder place to hide the Favorites you were wrong. The current favorites are still in the same hard to find place but new additions are in a different place and they are now .xml files.

For example, this is the location for a new one added today:-

%UserProfile%\AppData\Local\Packages\Microsoft.MicrosoftEdge_8wekyb3d8bbwe\AC\#!001\MicrosoftEdge\Us er\Default\DOMStore\GFEVVA1C

So it is very hard to track or control favorites now as there are randomisations in the #!nnn folder and the last randomly generated 8 char folder.

Edit:- "user" has had a space injected!