Lost loot after feb. update

Can someone explain why all loot from my second character, on world 1 has vanished except for the experimental weapons it was carrying ? This happened immediately after the feb . update. Im using Xbox series X.

Can it be found in your inventory? So it’s not just a case of it being unequipped from the utility wheel.

No. Character had a good deal of loot on their person. Has nothing to do with utility wheel. It has also come to my attention that the resistance base Tyloveden has reverted to a neutral base after the update.

I see that questions about lost bases has somewhat been acknowledged but what about my original question about the lost loot on character 2 world 1. Is one tied to the other?