Is your bike new? How many miles?
Do you leave your bike outside at night (ie., is there dew all over bike)?
Some have experienced problems to a varying degree under a variety of actions. But, there noises were usually very sporadic. There have so far, on this forum, only been a few cases where the belt was .. not up to snuff.
I agree with Norman, if your bike makes that noise on a pretty regular occasion, seek immediate medical attention for that little baby. Better to be safe than sorry.... and to have it documented should your bike still be under warranty. It sounds serious.
Good luck and do let us know how it all turns out.