There is really no error there, as this is just someone that probably is the one making the error actually which I am sure such a person will probably find out and quickly remove the ask price. That is a huge one compared to the current market price.

Nevertheless, it is nothing to be worried about considering that IDEX will most definitely not have anything to do with this since it is a decentralized exchange and I would not be raising too much of an alarm actually because of that or calling it a red flag. It is just a market and someone is outbidding in the market as far as I am concerned, either knowingly or mistakenly.

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We should understand that manipulation is something that happens generally with all of us as traders, and this has nothing to do with one particular exchange like IDEX. This is just some traders trying to possibly instigate some movement in the market by trying to manipulate the FTEC price anyway. I understand what OP worries, it is nothing new and it happens every time even on centralized exchanges, however, for the fact that IDEX is even a decentralized exchange, it makes manipulation even a lot easier.

For the fact that this is an unregulated space, and even at that, for the fact that it is an exchange that is decentralized.