It has an autolube oil system (or it should have if not removed/bypassed), this is most likely the problem.
This injects 2 stroke oil into the engine. If this system fails, or the reservoir runs dry, the motor will seize. The injection point is between the carburetor and the reed valves, so a closed throttle will not be an issue.
Alternatively, these autolubes are often removed/bypassed. If so, 2 stroke oil needs to be mixed with the petrol you put in the tank, if not the motor will seize.
If it still turns, but will not start you have probably broken rings. These are relatively easy to work on, so should not be that bad.
Sometimes they seize and then will run again after cooling down, with little apparent damage. Have you tried to start it and not just turn it over?