The widespread use of package managers like Maven has accelerated software development but has also introduced significant security risks due to vulnerabilities in dependencies. In this study, we analyze the prevalence and impact of vulnerabilities within the Maven Central ecosystem, using Common Vulnerabilities and Exposures (CVE) data from OSV.dev and a subsample enriched with aggregated CVE data (CVE_AGGREGATED), which captures both direct and transitive vulnerabilities. In our subsample of around 4 million releases, we found that while only about 1% of releases have direct vulnerabilities, approximately 46.8% are affected by transitive vulnerabilities. This highlights how a small number of vulnerable yet influential artifacts can impact a vast portion of the ecosystem. Moreover, our analysis shows that vulnerabilities propagate rapidly through dependency networks and that more central artifacts (those with a high number of dependents) are not necessarily less vulnerable. We also observed that the time taken to patch vulnerabilities, including those of high or critical severity, often spans several years. Additionally, we found that dependents of artifacts tend to prefer presumably non-vulnerable versions; however, some continue to use vulnerable versions, indicating challenges in adopting patched releases. These findings highlight the critical need for improved dependency management practices and timely vulnerability remediation to enhance the security of software ecosystems.