Trying not to fry another Nano

The LEDs must not be powered by or through the Arduino, it cannot withstand such high currents.

The Arduino needs power. Power it from the same buck converter to it's 5V pin. Do not connect it's Vin pin.

A proper original Arduino would have burned out exactly as the clone did.

I asked before what the maximum current of your buck converter is. If that can supply 7.5A then you should have no problem.

If you use the FastLED library, it has that automatic limiting function built in to the library. You just have to set the max current with a function.