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Live chat support has resolved the issue for me. My inventory and outfits seem to be intact again by the service representative 'running a script' and making me log in on the normal viewer. He said that they are working on a solution to affect all players, as large amounts of players are experiencing problems. Hopefully all of you get help soon too!

Yes, Cindy. I have an open support ticket where I describe what happened, what I was doing, when it happened, and that all my items are gone (my character is not even an orange cloud, just nothing rendered, 0 character complexity).

Hello AshleyMoon! I too suffer from this issue, and it occured for me roughly an hour before it happened to you. I used to have around 10000 items, and I am now down to 4300. I have made certain that it is not a cache issue; the items (and all saved outfits) are missing completely from my inventory. I have opened a support ticket in relation to this.