The default settings will brick your drive if they are wrong. Follow this exactly:

Do not run the tool from a zipped folder.

After testing over a dozen tools (including ChipGenius, USB Oblivion, HDD Low Level Format Tool, and various “USB fix” utilities), the undisputed best formatter for Silicon Power V3700 PS2251-162 is:

Back at the main window:

Expected result:

Before proceeding, it is crucial to confirm your drive's internals. The Silicon Power V3700 typically utilizes the Phison PS2251-16 (also identified as PS2261 in some detection tools) controller.

MPALL is the best, but not always easy to find or use. Here are two alternatives for the PS2251-162: