Damm you Bangladesh Cyber Army!!

Just the password field, it's the method of encryption. Just put your desired password in the password field, select MD5 and save it then log in with the admin user and pass you just put into the database.
 


You need a backup solution in case something like this happens again. Something like BackupSmart
 
Just the password field, it's the method of encryption. Just put your desired password in the password field, select MD5 and save it then log in with the admin user and pass you just put into the database.

Ok, so the story now is that I did what you suggested and when I type in the password wordpress accepts the password BUT redirects me back to:

wp-login.php?redirect_to=http%3A%2F%2Fmysite.com%2Fwp-admin%2Fprofile.php&reauth=1

So every time I enter my password I just keep getting redirected to the log in page. Also after a few attempts I notice that the password in PHPmyAdmin has been changed back to the dirty indians password!
 
without seeing what is going on its too hard to tell what you are doing, why not just add a new user to the wp_users table and give it admin rights (just copy the settings from the hacked admin account if you dont know what fields to complete, obvously not using the hackers details) then login as the new user and delete the hackers account
 
You must be doing it wrong. Pay someone here to do it for you or...

Fuck it. Move on. Buy a new domain. Let them have it.

Fucking dirty Indians outsmarted you.