[Pirate lord 227]

Yep I can officially say this is happening to everyone, I don't even think you have to log in to trigger it. Also, even if you get a rusty cutlass, which is the only remotely sensible thing to get after this next point, you lose everything again after you log off and on. Not to mention new things you get (if you don't mind that you will lose them again) don't go in your bag, with the exception of SOME items as i got clothes and a dagger. BTW if you don't want to lose your clothes, don't put any new clothes on because even though the clothes aren't in your inventory, they are still on your pirate. Sorry for the somewhat long post.

Keep in mind though this might be voluntary by Disney, maybe as their solution to some people exploiting or something, because when I tried to log in, it updated THEN logged me into the game when I found out my weapons were gone. This (to me) sounds like that update either had a HUGE bug in it that they didn't see (which doesn't make much sense) or it could be a voluntary wipe.
I personally think that Disney will give us our stuff back once they sort it out, even if their motive was to wipe the system, because they will be realizing that taking away all progress doesn't equal much money lol.

Good luck getting your things back everyone.