The same thing happened to me, but yesterday evening after the downtime I played and all the weapons and armors were present on my character. But this morning at 12 a.m some exotic weapons like icebraker, mytoclasta, malvagio karma etc were not present anymore. Several hours of play disappeared in few seconds. I don't know how is possible, but I would have an answer from Bungie.
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I don't want to say it makes me "feel better" hearing other people had similar issues, but at least I don't feel crazy. I really, really hope that there's something that can be done about this and I'm willing to hang tight but it'd be nice to at least hear from them that they're aware and working on it in the meantime.
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I really hope that Bungie will do something because I'm very angry because I have tried to contact them also on twitter but nobody answer to me. Please let me know if you discover something more