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F28069 Error -180 @ 0x0

I am facing an error on my F28069 piccolo control stick which says, 

C28xx: Error connecting to the target: (Error -180 @ 0x0) The controller has detected a target power loss. The user must turn-on or connect the power supply for the target. (Emulation package 6.0.222.0)

I have tried reconnecting the device several times but it leads to the same problem. Also, led LD1 is blinking continuously. Is this fixable?

I have checked this on two different computers using ccs v6.

Any form of help is valuable and appreciated. Thank you.