This is definitely one of the disadvantages of crypto, that you truly own your own money. There's not a bank that's insuring it, and it's not stored on some corporation's server like stocks and other digital investments are. If your private keys get blown up or lost or stolen, you're screwed.
It is also the bad thing that I see with crypto, with decentralization it's only you who make the transfer of money, anything that could happen wrong will be your responsibility. Same with owning a pretty safe, hardware wallet or any cold storage you can never be too comfortable with your surrounding coz any thing can happen at any time just like what we have seen in Lebanon. No one expect that to happen, no one was really prepared for that to happen, and we can't get back the lives of the people that died to the incident.
As an aside, I can't believe there were only around 100 casualties in that blast. It looked like it would have killed a lot more people than that, though I don't know how dense the population was in that particular area at the time. Scary stuff.
Probably because of the community quarantine, they limit the personnel on that area besides it was in the pier so I guess there's only a few people there but the blast has a wide circumference, luckily the casualty is still small, thanks God.