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What exactly was done on the rebuild?Did it have a rebore for example?First thing I'd do is pop the camcover off, I suspect the cam may have seized, it freed off when the engine cooled as the metal would contract when colder allowing it to start to spin again, however it's probably toasted the head and most likely the cam. You may get away with the rockers as the mileage was still low. The oil light didn’t show so I guess oil pressure was OK. Did the oil light come on before it seized up?
Worth pulling the oil filter to inspect it and see what's in there.Also the gauze filter on the oil pump sump pickup, inspect and assess to see if it's impaired.