Maybe 'match' isn't the correct word to use. Anyway, I just joined in an ongoing Vex Offensive match and when we finished off the boss, I didn't get any loot from the chest.
It's not a total loss. I still managed to get some triumph progress.
Has this happened to anyone else?
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I’ve joined a couple matches on the 2nd area and once on the boss, each time I still got loot from the chests. Possible bug is your game but you should get loot regardless