Blown engine. This sucks!

[Perfectlap]

Ouch! Sounds like you could have done some things differently to have minimized this risk.
But what's done is done. If I were in your shoes I would park the car and keep an eye out for a used motor. No point wrecking your credit. You'll have one expensive Porsche once its running again but the math on owning these cars long-term is always horrible. You either lose $40k in depreciation or you end up spending as much on repairs and maintenance, upgrades as you paid for the car in the first place.