Hi,
I contacted FTDI support team with the problem, they suggested to short the USB ground(Device ground) and the shield on my board. After this modification I am not able to hang the device .
I have run the device for 3 days continuously (with a shielded USB cable of lenth 1.75m) and have tried inserting and removing the power adaptor, connecting drill machine to the same power line etc . The device didn't hang.
By the way I am trying a lengthy USB cable 8m with shield .
I didnt understand what principle is at work here??
Support team of FTDI suggests a signal noise problem or an ESD problem.