Scoop ice cream into 8 balls. Freeze until firm, about 1 hour.
In a shallow bowl, combine cornflakes, coconut, and cinnamon.
In another bowl, beat egg whites until foamy.
Roll ice cream balls in egg whites, then in cornflake mixture, pressing to coat. Freeze until firm, 3 hours.
Heat oil in a deep fryer or large saucepan to 375°F (190°C).
Fry ice cream balls until golden, 10-15 seconds. Drain quickly on paper towels.
Serve immediately, drizzled with honey, and topped with whipped cream and cherries if desired.