I do not have access to post things in bug-reports so I am posting this here. A recent update caused this bug to happen every single time a user equips a gear.
The arm holding the gear gets stretched really far away and the gear is not visible. AFAIK the gear still has the correct hitboxes. (Aka sword hits like a sword but is invisible)
Player count is only a few players. At the time of posting this reply the bug seems to have gone away, with no updates on my end. I will continue to monitor