I had this same problem and was able to fix it by taking out the flash
drive and putting it in another slot.
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https://bugs.launchpad.net/bugs/1070331
Title:
Error formatting volume
To
Status changed to 'Confirmed' because the bug affects multiple users.
** Changed in: seahorse (Ubuntu)
Status: New => Confirmed
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https://bugs.launchpad.net/bugs/1070331
Title:
E
