Hey there. Bungie is aware of and is actively investigating this issue.
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I reset my valor points rank and lost progression on the same quest and it no longer counts any progression.
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Hi there. As noted above, Bungie is currently investigating the issue. It seems that upon resetting your valor, it subtracts your current progress by 1,000,000. Anecdotally, I remade one of my characters and reset my valor twice and my mission progress is currently -2,000,000. Keep an eye on the Bungie Help Twitter (https://twitter.com/bungiehelp?s=21) for the most up to date info on a fix.