AbstractAn ion‐scale flux rope (FR), embedded in a high‐speed electron flow (possibly an electron vortex), is investigated in the magnetotail using observations from the Magnetospheric Multiscale (MMS) spacecraft. Intense electric field and current and abundant waves are observed in the exterior and interior regions of the FR. Comparable parallel and perpendicular currents in the interior region imply that the FR has a non‐force‐free configuration. Electron demagnetization occurs in some subregions of the FR. It is surprising that strong dissipation (J × E' up to 2,000 pW/m3) occurs in the center of the FR without signatures of secondary reconnection or coalescence of two FRs, implying that FR may provide another important channel for energy dissipation in space plasmas. These features indicate that the observed FR is still highly dynamical, and hosts multiscale coupling processes, even though the FR has a very large scale and is far away from the reconnection site.