What a way to start the day!!
People playing on the complete range of consoles have been reporting instances of their Badass rank being reset to zero, and that they're losing all skins and tokens unlocked as well.
The glitch wipes out whatever skins you've unlocked. While your character may still have the item equipped and active, the moment you quit the game, it's removed from the inventory. The character will still be wearing whatever items you have dressed them in, but the moment you change an outfit or head, you lose the earned skin forever.
Here is what Gearbox community manager Chris Faylor response to the complaints, saying, "Thanks for all the reports and specific details, folks. Our engineers are looking into this, and the information you've provided has proven to be a great resource while we investigate. At the moment, it seems to be a fairly rare issue and we'll keep you updated on when we resolve it."
Hopefully no one has had this glitch happen.