1992 chevy corvettecranks but doe's

The built in factory anti-theft system disables the fuel pump if it is triggered, or this can be caused by a fault in the anti-theft, those are a few of the reasons, arm and dis-arm anti-theft is it working properly? Follow this procedure to check security system:

The Security System is reset by unlocking the driver's door twice with the Ignition Key, but if it does not reset, most likely the Ignition Lock Cylinder has failed. It has small contacts which 'sense' the pellet on the key and transmits that data to the Anti-theft Module. Often the contacts, or the micro wires, break causing the module to think you have no key in there. The ASR may be illuminating since the Security System is active, trouble codes?