As the player travels through Nether Portal, the game lags duing the building terrain and the player starts taking damage and suffocates. Eventually the terrain will build upon which the player already died and lost all items in inventory.
Related issues
duplicates
Comments
Duplicate MCPE-54519

This is happening to me as well since the 1.13.0 update. Twice I have lost some very expensive items.

This is happening to me as well since the 1.13.0 update. Twice I have lost some very expensive items.
Duplicate MCPE-54519