Had the same issue with the blue drybag on 3rd person exp server. Re-equipping and re-logging did not solve it. A streamer I watched had the same issue with a blue drybag, also on 3rd person.

Found a green drybag on 1st person, worked as expected.

Not sure if its related to color / server settings.

strange, I had a black one and my friend a green one, and it worked well :-/

Hi Biggi,
everything seems to be configured properly on our end and I have not been able to reproduce the issue (and most of other players do not seem to have encountered this).
Please let me know if reconnecting solved the issue.
Regards,
Andy

Same issue here with red one. It seems to happen often to a female character

I have gotten this issue with the black and red Drybags. This was using a female character. The one with the whitest skin tone if that helps.

This was on a first person server. I did try re-logging, and I tried taking it off and putting it back on, neither worked.

Yes, I do use a female character, too.

Its not a "gamebreaking" problem, more a visual one because you can still jump over fences with the drybag at your ankles ;)

Same issue and a Female character too.

I can confirm this! The character it worked on was male, the character it didn't work on was female. So that might be the reason!

Okay, we took another look into this and managed to identify the problem thanks to your help!
Thank you all for the information - the issue is now scheduled for a fix.
Regards,
Andy

Uploaded supporting screenshots.

Hi everyone,
this has been resolved internally and should be fixed on Steam soon.
Thank you all for your feedback,
Andy