The single blink means that the Power Management Chip is going into self protect.
You need to put a scope on the output of your regulator and see what is going on.
5.3 V will not fry the BBB.
It would run fine from a 5.3 V supply that never went above 5.5V
But it will respond the way you describe to short transients that go above 5.5 or below 4.5.
There is also a rise time spec on the start up Voltage rise.
Or, it could mean that something else did fry the board, such as a blown I/O pin, which is causing an over current protect on the part of the power management chip.
The single blink does not tell you what is wrong, just that something is wrong, and the power management chip is still alive and doing its job.
--- Graham
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