Hey, i have been using my Razer Wolverine V2 for a long time, one month ago it had this same issue the solution was Unninstalling Controller. Its currently happening the same but, the fix i sayed doesnt work anymore.
Whenever i click the Xbox button windows does the plugging a device sound (even tho i didnt unplug/plug) and windows says “USB Device not recognized” and it blinks twice. Razer Controller doesnt pick it up does neither an online controller tester.
(PS: Sorry for bad english, i am not a native english speaker and it doesnt have a warranty)